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

_IMF Staff Country Reports, January 11, 2017_

## Source details

**Canonical URL:** [Finland: Financial Sector Assessment Program: Technical Note-Contingency Planning and Crisis Management](https://www.imf.org/en/publications/cr/issues/2017/01/11/finland-financial-sector-assessment-program-technical-note-contingency-planning-and-crisis-44514)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/01/11/finland-financial-sector-assessment-program-technical-note-contingency-planning-and-crisis-44514/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/01/11/finland-financial-sector-assessment-program-technical-note-contingency-planning-and-crisis-44514/index.json)
- [Bundle manifest](/en/publications/cr/issues/2017/01/11/finland-financial-sector-assessment-program-technical-note-contingency-planning-and-crisis-44514/bundle-manifest.json)

## Bibliographic details
- Published: January 11, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475564907.002

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### Overview and Scope
- 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.

### Key Findings
- 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.

### Institutional Strengths
- Functional separation maintained among:
  - Supervision
  - Resolution
  - Emergency liquidity support
- Culture of cooperation among oversight agencies highlighted as a resilience factor.

### Crisis Preparedness and Testing
- 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.

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr1704.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr1704.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/01/11/finland-financial-sector-assessment-program-technical-note-contingency-planning-and-crisis-44514_