The Board sets the specific objectives for the activities of FIN-FSA, decides the operational principles, and guides and supervises achievement of the objectives and compliance with these principles.

In addition, the Board considers the budget of the FIN-FSA and submits it to the Board of the Bank of Finland for confirmation. In accordance with section 10 of the Act on the Financial Supervisory Authority (878/2008), the Board supplies the Parliamentary Supervisory Council at least once a year with a report on the operational objectives of the FIN-FSA and their achievement. This includes an assessment of expected changes in supervision, their impact on the accumulation of supervision fees and measures required for such changes.

Board 2019


Photo: Markku Ulander, STT- Lehtikuva
Front row: Markku Pohjola, Marja Nykänen and Lasse Heiniö
Back row: Hannu Ijäs, Vesa Vihriälä and Martti Hetemäki

Chair Marja Nykänen  LLM (trained on the bench), Deputy Governor of the Bank of Finland
Vice Chair Martti Hetemäki DSocSc, Permanent State Secretary, Ministry of Finance
Outi Antila (not in photo) LLM (trained on the bench), Director General, Ministry of Social Affairs and Health
Vesa Vihriälä DSocSc, Managing Director of ETLA, the Research Institute of the Finnish Economy (1–3/2019)
State Secretary to the Prime Minister, Prime Minister's Office (3–6/2019)
Professor of Practice, University of Helsinki (as of 7/2019)
Markku Pohjola BSc Econ 
Lasse Heiniö MSc, (SHV) actuary approved by the Ministry of Social Affairs and Health

The deputy member for Marja Nykänen is Katja Taipalus (DSocSc, Head of Department, Bank of Finland). The deputy member for Martti Hetemäki is Janne Häyrynen (LLM, DSc Econ, Docent of Securities Market Law, Legislative Counsellor, Ministry of Finance). The deputy member for Outi Antila is Hannu Ijäs (LLM (trained on the bench), Director, Ministry of Social Affairs and Health).

The Secretary to the Board was Pirjo Kyyrönen, Senior Legal Advisor. The Board convened 32 times during the year. Fees to the members and deputies in the year totalled EUR 66,600. No separate attendance allowance was paid.

CVs of the Board: > FIN-FSA > Organisation and tasks