{
  "title": "Finland: Financial Sector Assessment Program: Technical Note-Contingency Planning and Crisis Management",
  "publication": "IMF Staff Country Reports, January 11, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/01/11/finland-financial-sector-assessment-program-technical-note-contingency-planning-and-crisis-44514",
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  "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.",
  "publishDate": "2017-01-11",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Overview and Scope",
      "content": "- Technical Note discusses findings and recommendations from the Financial Sector Assessment Program (FSAP) for Finland in the area of contingency planning and crisis management (CPCM).\n- Emphasis on assessment of Finland’s CPCM framework in light of the new European Union framework and domestic institutional arrangements."
    },
    {
      "heading": "Key Findings",
      "content": "- Finland’s CPCM framework rests on a strong foundation.\n- Cooperative culture among financial oversight agencies can assist in times of crisis.\n- Finnish financial oversight architecture ensures functional separation of potentially conflicting CPCM responsibilities: supervision, resolution, and emergency liquidity support.\n- Clear separation of functions also supports crisis preparedness.\n- Finland has a strong tradition of testing systemwide operational risks."
    },
    {
      "heading": "Institutional Strengths",
      "content": "- Functional separation maintained among:\n  - Supervision\n  - Resolution\n  - Emergency liquidity support\n- Culture of cooperation among oversight agencies highlighted as a resilience factor."
    },
    {
      "heading": "Crisis Preparedness and Testing",
      "content": "- Systemwide operational risks are regularly tested, reflecting a tradition of preparedness.\n- The combination of EU framework adoption and domestic practices provides a platform for CPCM effectiveness.\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/01/11/finland-financial-sector-assessment-program-technical-note-contingency-planning-and-crisis-44514"
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    "Published: January 11, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475564907.002",
    "Technical Note discusses findings and recommendations from the Financial Sector Assessment Program (FSAP) for Finland in the area of contingency planning and crisis management (CPCM).",
    "Emphasis on assessment of Finland’s CPCM framework in light of the new European Union framework and domestic institutional arrangements.",
    "Finland’s CPCM framework rests on a strong foundation.",
    "Cooperative culture among financial oversight agencies can assist in times of crisis.",
    "Finnish financial oversight architecture ensures functional separation of potentially conflicting CPCM responsibilities: supervision, resolution, and emergency liquidity support.",
    "Clear separation of functions also supports crisis preparedness.",
    "Finland has a strong tradition of testing systemwide operational risks.",
    "Functional separation maintained among:",
    "Culture of cooperation among oversight agencies highlighted as a resilience factor.",
    "Systemwide operational risks are regularly tested, reflecting a tradition of preparedness.",
    "The combination of EU framework adoption and domestic practices provides a platform for CPCM effectiveness.",
    "**Country Report**"
  ],
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