## Finland: Financial sector Assessment Program: Technical Note-Macroprudential Policy Framework

_IMF Staff Country Reports, January 11, 2017_

## Source details

**Canonical URL:** [Finland: Financial sector Assessment Program: Technical Note-Macroprudential Policy Framework](https://www.imf.org/en/publications/cr/issues/2017/01/11/finland-financial-sector-assessment-program-technical-note-macroprudential-policy-framework-44515)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/01/11/finland-financial-sector-assessment-program-technical-note-macroprudential-policy-framework-44515/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/01/11/finland-financial-sector-assessment-program-technical-note-macroprudential-policy-framework-44515/index.json)
- [Bundle manifest](/en/publications/cr/issues/2017/01/11/finland-financial-sector-assessment-program-technical-note-macroprudential-policy-framework-44515/bundle-manifest.json)

## Bibliographic details
- Published: January 11, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475564914.002

---

### Summary findings
- The Technical Note discusses findings and recommendations made in the Financial Sector Assessment Program for Finland in the area of macroprudential policy framework.
- The Finnish authorities regularly coordinate and collaborate with international bodies on macroprudential policy.
- Several macroprudential instruments were formally introduced in legislation and activated recently.
- The 2014 Act on Credit Institutions implements macroprudential instruments, including those set out in the European Capital Requirement Directive.
- Despite important progress, improvements should be considered in the macroprudential framework.

### Macroprudential policy toolkit and recommendations
- The macroprudential policy toolkit should be expanded.
- The systemic risk buffer should be added to the toolkit, although its activation and level may still need further analysis.

### Institutional and legal framework
- The 2014 Act on Credit Institutions implements macroprudential instruments, including those set out in the European Capital Requirement Directive.
- Recent formal introductions and activations of several macroprudential instruments have occurred under the existing legislative framework.

### Subjects and keywords (as listed)
- Subjects: Banking; Financial institutions; Financial sector policy and analysis; Loans; Macroprudential policy; Macroprudential policy instruments; Systemic risk; Systemic risk assessment
- Keywords: Baltics; banking sector; CR; FIN-FSA decision-making power; FIN-FSA director general; FIN-FSA's Board; FIN-FSA's expertise; FIN-FSA's mandate; ISCR; Loans; Macroprudential policy; Macroprudential policy instruments; Systemic risk; Systemic risk assessment

---

## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr1705.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr1705.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2017/01/11/finland-financial-sector-assessment-program-technical-note-macroprudential-policy-framework-44515_