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Finland: Financial Sector Assessment Program-Technical Note on Macroprudential Policy Framework and Tools
Author:
International Monetary Fund. Monetary and Capital Markets Department
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2023: Issue 063
Language:
English
Publication Date:
01 Feb 2023
DOI:
https://doi.org/10.5089/9798400230547.002
ISBN:
9798400230547
ISSN:
1934-7685
Pages:
32
Keywords:
FSAP's finding; FIN-FSA staff; liquidity condition; Finland FSAP; MACROPRUDENTIAL POLICY FRAMEWORK; Macroprudential policy; Systemic risk assessment; Financial sector stability; Macroprudential policy instruments; Loans; Baltics; Global
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Since the 2016 FSAP, the Finnish authorities have made steady progress in improving the country’s macroprudential policy framework. The authorities have expanded the macroprudential policy toolkit by introducing a systemic risk buffer (SyRB) and a minimum risk weight for mortgage loans. They have also begun developing a positive credit register to record individual borrower data. These granular data will help the authorities to analyze household indebtedness and calibrate macroprudential tools to appropriately target specific vulnerabilities. In addition, cooperation arrangements with other Nordic countries have been expanded by signing an updated Memorandum of Understanding (MoU) to promote financial stability, including by establishing common procedures for information sharing and coordination.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2023: Issue 063