Finland:Financial Sector Assessment Program-Technical Note on Regulation and Supervision of Less Significant Institutions
Finland: Financial Sector Assessment Program-Technical Note on Regulation and Supervision of Less Significant Institutions
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Volume/Issue:
Volume 2023
Issue 065
Publication date: February 2023
ISBN: 9798400229695
$20.00
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Topics covered in this book
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Banks and Banking , Finance , Money and Monetary Policy , International - Economics , 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
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.
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