Finland: Financial Sector Assessment Program: Technical Note-Contingency Planning and Crisis Management
January 11, 2017
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This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for Finland in the area of contingency planning and crisis management (CPCM). Finland’s CPCM framework rests on a strong foundation. In addition to the new European Union framework, Finland can build on a cooperative culture among its financial oversight agencies, which can help in times of crisis. Furthermore, the Finnish financial oversight architecture ensures the functional separation of potentially conflicting CPCM responsibilities: supervision, resolution, and emergency liquidity support. The clear separation of functions also helps crisis preparedness. Moreover, Finland also has a strong tradition of testing systemwide operational risks.
Subject: Bank resolution, Bank resolution framework, Banking, Crisis management, Crisis prevention, Financial crises, Financial sector policy and analysis, Financial stability assessment
Keywords: Baltics, Bank resolution, Bank resolution framework, Banking Union authorities, central bank, CR, Crisis management, Crisis prevention, financial crisis, Financial stability assessment, Global, insolvency regime, ISCR, marketable government securities, parent company, resolution authorities, uniform bank resolution regime
Pages:
36
Volume:
2017
DOI:
Issue:
004
Series:
Country Report No. 2017/004
Stock No:
1FINEA2017002
ISBN:
9781475564907
ISSN:
1934-7685
