{
  "title": "Finland: Financial System Stability Assessment Update",
  "publication": "IMF Staff Country Reports, September 2, 2010",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/finland-financial-system-stability-assessment-update-24182",
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  "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.",
  "sections": [
    {
      "heading": "Key findings and summary",
      "content": "- The Finnish financial sector has weathered during the global crisis.\n- Banks’ capital buffers were sufficient, but liquidity and credit risks required monitoring.\n- There is a need for a strong crisis management framework.\n- An evaluation of the Deposit Guarantee Fund (DGF) using Core Principles for Effective Deposit Insurance Systems would support reform efforts.\n- Banking supervision is robust and follows relevant EU Directives and the Basel Core Principle (BCP) for Effective Banking Supervision closely.\n- The Financial Supervisory Authority (FIN-FSA) has implemented the 2001 Financial Sector Assessment Program (FSAP) recommendations, but challenges remain."
    },
    {
      "heading": "Supervision, regulation, and authorities",
      "content": "- Banking supervision:\n  - Described as robust.\n  - Closely follows relevant EU Directives and the Basel Core Principle (BCP) for Effective Banking Supervision.\n- Financial Supervisory Authority (FIN-FSA):\n  - Has implemented the 2001 FSAP recommendations.\n  - Ongoing challenges remain in supervision and oversight."
    },
    {
      "heading": "Crisis management and deposit insurance",
      "content": "- Crisis management:\n  - The study assesses a need for a strong crisis management framework for the Finnish financial sector.\n- Deposit Guarantee Fund (DGF):\n  - Recommends evaluation of the DGF using Core Principles for Effective Deposit Insurance Systems to support reform efforts."
    },
    {
      "heading": "Risks highlighted",
      "content": "- Liquidity risk: Requires monitoring despite adequate capital buffers.\n- Credit risk: Requires monitoring despite adequate capital buffers.\n- Funding profile and parent bank relationships are noted as relevant keywords indicating areas of attention."
    },
    {
      "heading": "Subject areas and keywords captured in the assessment",
      "content": "- Subject: Bank credit, Banking, Commercial banks, Credit, Financial institutions, Income, Loans, Money, Mortgages, National accounts\n- Keywords: bank assets, bank insolvency regime, banking system, Commercial banks, CR, Credit, debt service, FIN-FSA's power, FIN-FSA's supervision, FIN-FSA's understanding, financial system, funding profile, Global, Income, ISCR, liquidity crisis, Loans, Mortgages, parent bank, resolution framework\n\n---\n\n Content in this bundle\n\n- Microsoft Word - DMSDR1S-4225098-v16-Finland FSAP Update 2010 06 FSSA R3 KD.DOC\n  - Microsoft Word - DMSDR1S-4225098-v16-Finland FSAP Update 2010 06 FSSA R3 KD.DOC (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Microsoft Word - DMSDR1S-4225098-v16-Finland FSAP Update 2010 06 FSSA R3 KD.DOC (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 2, 2010",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781455207732.002",
    "The Finnish financial sector has weathered during the global crisis.",
    "Banks’ capital buffers were sufficient, but liquidity and credit risks required monitoring.",
    "There is a need for a strong crisis management framework.",
    "An evaluation of the Deposit Guarantee Fund (DGF) using Core Principles for Effective Deposit Insurance Systems would support reform efforts.",
    "The Financial Supervisory Authority (FIN-FSA) has implemented the 2001 Financial Sector Assessment Program (FSAP) recommendations, but challenges remain.",
    "Financial Supervisory Authority (FIN-FSA):",
    "Crisis management:",
    "Deposit Guarantee Fund (DGF):",
    "Liquidity risk: Requires monitoring despite adequate capital buffers.",
    "Funding profile and parent bank relationships are noted as relevant keywords indicating areas of attention.",
    "Subject: Bank credit, Banking, Commercial banks, Credit, Financial institutions, Income, Loans, Money, Mortgages, National accounts",
    "Keywords: bank assets, bank insolvency regime, banking system, Commercial banks, CR, Credit, debt service, FIN-FSA's power, FIN-FSA's supervision, FIN-FSA's understanding, financial system, funding profile, Global, Income, ISCR, liquidity crisis, Loans, Mortgages, parent bank, resolution framework",
    "**Microsoft Word - DMSDR1S-4225098-v16-Finland FSAP Update 2010 06 FSSA R3 KD.DOC**"
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