Finland: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Financial Policy Transparency, Banking Supervision, Insurance Supervision, Securities Regulation, and Payment Systems

International Monetary Fund

No 2001/214, IMF Staff Country Reports from International Monetary Fund

Abstract: Finland has a very sound financial system. Finland is at the forefront of electronic banking and financial sector consolidation. Arrangements for crisis prevention and management need to balance the conflicting goals of minimizing moral hazard and providing adequate safety nets in the financial system. There are some deficiencies as regards compliance with certain of the banking supervision and securities standards. In view of the advanced stage of development of Finland's financial system, supervisory arrangements will need to meet and even exceed international standards.

Keywords: ISCR; CR; process; rule; holding company; cash settlement; return on equity; central bank; banking system; financial system; internal audit; monetary policy; investment strategy; capital adequacy ratio; private sector; Financial stability assessment; Insurance companies; Insurance; Payment systems; Credit; Baltics (search for similar items in EconPapers)
Pages: 58
Date: 2001-11-21
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