Finland:Financial Sector Assessment Program-Technical Note on Regulation and Supervision of Less Significant Institutions

Author: International Monetary Fund. Monetary and Capital Markets Department

Finland: Financial Sector Assessment Program-Technical Note on Regulation and Supervision of Less Significant Institutions

Volume/Issue: Volume 2023 Issue 065

Publication date: February 2023

ISBN: 9798400229695

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

International - Economics , Banks and Banking , Finance , Money and Monetary Policy , Finland FSAP , FSAP's finding , banking supervision department , organization structure of the FIN-FSA , Tier 1 , Credit , Loans , Bank supervision , Credit risk , Financial Sector Assessment Program , Europe , Global

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Summary

The Financial Sector Assessment Program (FSAP) conducted a focused review that primarily assessed banking regulation and supervision of Finland’s less significant institutions (LSIs).1 LSIs account for around 16 percent of Finland’s banking sector and the regulation and supervision of the rest of the banking sector takes place within the European Central Bank’s (ECB) Single Supervisory Mechanism (SSM). The Finnish Financial Supervisory Authority (FIN-FSA) is under the oversight of the ECB, responsible for the supervision of LSIs.