Finland : Financial System Stability Assessment Update

Author/Editor:

International Monetary Fund

Publication Date:

September 2, 2010

Electronic Access:

Free Full text (PDF file size is 601 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The Finnish financial sector has weathered during the global crisis. Banks’ capital buffers were sufficient, but liquidity and credit risks required monitoring. The study assessed that there is a need for strong crisis management framework. It is found that an evaluation of Deposit Guarantee Fund (DGF) using Core Principles for Effective Deposit Insurance Systems would support reform efforts. Banking supervision is robust, and follows relevant EU Directives and the Basel Core Principle (BCP) for Effective Banking Supervision closely. The Financial Supervisory Authority (FIN-FSA) has implemented the 2001 Financial Sector Assessment Program (FSAP) recommendations, but challenges remain.

Series:

Country Report No. 10/275

Subject:

English

Publication Date:

September 2, 2010

ISBN/ISSN:

9781455207732/1934-7685

Stock No:

1FINEA2010002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

30

Please address any questions about this title to publications@imf.org