Finland: Financial Sector Assessment Program: Technical Note-Banking Supervision

International Monetary Fund

No 2017/003, IMF Staff Country Reports from International Monetary Fund

Abstract: This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program (FSAP) for Finland in the area of banking supervision. The regulatory and supervisory framework for liquidity and funding risk has improved since the last FSAP, but certain vulnerabilities persist and require greater attention. Finnish banks continue to rely extensively on wholesale funding, as noted in the 2010 FSAP. Although supervisory action has managed to mitigate the problem, many banks remain heavily exposed to the risk of a dry-up of unsecured wholesale funding. Also, banks hold covered bonds issued by other banks as part of their liquidity buffer.

Keywords: ISCR; CR; FIN-FSA staff; Reinforce FIN-FSA independence; FIN-FSA standard; FIN-FSA approach; FIN-FSA budget; FIN-FSA report; FIN-FSA resource; supervisor-bank dialogue; credit risk; FIN-FSA independence; FIN-FSA's Board; Credit risk; Financial stability assessment; Loans; Bank supervision; Covered bonds; Europe; Global (search for similar items in EconPapers)
Pages: 57
Date: 2017-01-11
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