Finland : Financial Sector Assessment Program: Technical Note-Contingency Planning and Crisis Management

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

January 11, 2017

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

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.

Series:

Country Report No. 17/4

Subject:

English

Publication Date:

January 11, 2017

ISBN/ISSN:

9781475564907/1934-7685

Stock No:

1FINEA2017002

Format:

Paper

Pages:

36

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