Cover IMF Staff Country Reports
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
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2001: Issue 214
Language:
English
Publication Date:
21 Nov 2001
DOI:
https://doi.org/10.5089/9781451813203.002
ISBN:
9781451813203
ISSN:
1934-7685
Pages:
58
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
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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.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund