Banking supervision
The FIN-FSA’s banking supervision is responsible, in cooperation with the European Central Bank, for the prudential supervision of credit institutions. We supervise the credibility, risk management practices and risk-taking of credit institutions and are responsible for international cooperation in our field of competence, for example within the framework of colleges of supervisors.
We also process the authorisation and registration applications falling within our responsibility and participate in the development of legislation in our field of expertise.
We also supervise banks’ and payment service providers’ compliance with agreed practices and consumer protection rules. See the Consumer protection site.
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Amendment to regulations and guidelines 9/2014 on the introduction of the LEI code
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Banks under FIN-FSA's direct supervision have shortcomings in identification and management of doubtful receivables and in methods and processes for measurement of expected credit losses
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European Commission has published several new interpretation recommendations on financial sanctions
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Thematic review of the use of new technologies and related risks
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FIN-FSA postpones resolution on guidance concerning charges levied on customers for ATM cash withdrawals
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FIN-FSA decides not to extend its recommendation on distribution of credit institutions’ profits beyond 30 September 2021
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Macroprudential decision: Countercyclical capital buffer requirement and housing loan cap remain unchanged, credit institutions’ risk weight floor discontinued
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Finnish financial sector has so far withstood the effects of the coronavirus pandemic well - operating environment remains uncertain, however
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Financial Supervisory Authority extends the validity of its profit distribution recommendation until 1 January 2021 and clarifies expectations related to capital and liquidity buffers
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Financial Supervisory Authority permits temporary exemptions for implementation of strong customer authentication in online card payments
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EBA published amended Implementing Technical Standard (ITS) – DPM 3.2, applicable for data as of 31 December 2022
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Instructions for Suomi.fi e-Authorizations service published for reporters | EBA
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New FIN-FSA Reporting Application workbooks downloadable from the Jakelu Distribution Service | EBA
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Updated data collection applications and workbooks for R, S and LTC data collections published | National reporting (Virati)
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Description of machine-language data transmission of XBRL format reports (EBA and EIOPA) of Financial Supervisory Authority’s new reporting system has been published | EBA EIOPA