Finland:Financial System Stability Assessment
Finland: Financial System Stability Assessment
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Volume/Issue:
Volume 2023
Issue 039
Publication date: January 2023
ISBN: 9798400232176
$20.00
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Topics covered in this book
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Banks and Banking , Finance , Economics- Macroeconomics , Money and Monetary Policy , International - Economics , Business and Financial , MoSAH FIN-FSA , PIC solvency regulation , independence of the FIN-FSA , SREP assessment , FIN-FSA's independence , B , banking sector resilience , Financial Sector Assessment Program , Macroprudential policy , Credit , Financial sector stability , Baltics , Global
Summary
Finland has further improved the regulation and supervision of its financial sector since the 2016 FSAP, in part driven by European legislation and institutions. The size of the banking sector increased significantly in 2018 with the redomicilation of Nordea. Finland weathered the COVID-19 pandemic well relative to other economies, with fiscal support and interventions from the authorities. However, Finland is now navigating a weaker economic outlook given the war in Ukraine and ensuing energy crisis, despite limited direct financial exposures to Russia.
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