FIN-FSA FI
FIN-FSA FI
Deputy Director General Jyri Helenius assigned as Head of Director General’s Staff at Financial Supervisory Authority
The Board of the Financial Supervisory Authority (FIN-FSA) has assigned Deputy Director General Jyri Helenius to handle the duties of the Head of Director General’s Staff, as of 1 July 2023. Jyri Helenius M.Sc.(Eng.) has been Deputy Director and Head of the Banking Supervision department at the FIN-FSA since...
FIN-FSA FI
The Reporter portal and validation service will be out of service on Tuesday 6th of June 2023 starting at 2:00 p.m. | EBA EIOPA...
The Financial Supervisory Authority's new reporting system Reporter portal will have a service break on Tuesday 6th of June 2023 starting at 2:00 p.m. The service break lasts approximately two hours.
We apologise for any inconvenience this may cause to the reporters.
For further information, please contact
Questions related to the...
FIN-FSA FI
Amendments to Regulations and guidelines 3/2015 Calculation of maximum loan-to-value ratio – scope of application to also include certain credit providers and credit intermediaries...
The Financial Supervisory Authority has made amendments to regulations and guidelines 3/2015 Calculation of maximum loan-to-value ratio. The amendments are related to the Act on the Registration of Certain Credit Providers and Credit Intermediaries (186/2023), which enters into force on 1 July 2023. Following the amendment, regulation concerning the...
FIN-FSA FI
Thematic assessment: state of ICT outsourcing among supervised entities
The FIN-FSA has conducted a thematic assessment examining the current state of outsourcing of information and communication technology (ICT) by entities supervised by it, and the potential concentration of outsourcing to the same providers.
No significant concentration risks among ICT outsourcing partners
Supervision of the digitalising financial sector is one of...
FIN-FSA FI
Regulations and guidelines 2/2023 on prevention of money laundering and terrorist financing enter into force on 26 June 2023
The Financial Supervisory Authority (FIN-FSA) has issued regulations and guidelines 2/2023 on the prevention of money laundering and terrorist financing (corresponding to the draft of regulations and guidelines 1/2022 on the prevention of money laundering and terrorist financing, which has been subject to public consultation).
Contents
The objective of the regulations...
FIN-FSA FI
Revision to FIN-FSA regulations and guidelines 7/2018 concerning certain aspects of the MiFID II suitability and remuneration requirements
By revising regulations and guidelines 7/2018, the Financial Supervisory Authority (FIN-FSA) implements nationally the European Securities and Markets Authority’s (ESMA) guidelines on certain aspects of the MiFID II suitability requirements (ESMA35-43-3172) and guidelines on certain aspects of the MiFID II remuneration requirements (ESMA35-43-3565). These guidelines replace the ESMA guidelines...
FIN-FSA FI
Armi Taipale appointed member of ESMA’s Management Board
Armi Taipale, Head of Department, Capital Markets Supervision, Financial Supervisory Authority, has been appointed member of the Management Board of the European Securities and Markets Authority (ESMA) for a 2.5-year term of office, as of 1 July 2023. Taipale succeeds Derville Rowland of the Central Bank of Ireland. In addition,...
FIN-FSA FI
Thematic assessment on abuses of payment services and the compensation process
The Financial Supervisory Authority (FIN-FSA) has conducted a thematic assessment of practices and compensation processes pertaining to the abuse of payment services in banks’ relationships with consumer-customers. Banks were requested to describe, among other things, the most common ways of abuse related to payment services and how they provide...
FIN-FSA FI
EBA publishes Opinion on RTS concerning SOTs for IRRBB supervision
On 26 April 2023, the European Banking Authority (EBA) published an Opinion on the draft regulatory technical standard on the supervisory outlier tests (SOT) for the supervision of interest rate risk in the banking book (IRRBB). In the Opinion, the EBA takes a stance in particular on what constitutes...
FIN-FSA FI
Amendments to regulations and guidelines 5/2015 on the management of interest rate risk arising from non-trading activities and of credit spread risk enter into...
Amendments have been made to regulations and guidelines 5/2015 concerning the management of interest rate risk arising from non-trading activities (IRRBB) and of credit spread risk (CSRBB) (previously “Management of interest rate risk arising from non-trading activities”). The amendments incorporate the updated Guidelines of the European Banking Authority (EBA)...
FIN-FSA FI
Survey on Financial Supervisory Authority’s new Reporting System for reporters – The response time has been extended until May 5, 2023 | EBA EIOPA...
By answering the survey, you can provide feedback on the introduction of the Financial Supervisory Authority’s new Reporting System and on user training and instructions and can also influence the development of the new Reporting System and the improvement of our activities.
Answering the survey is quick and all answers...
FIN-FSA FI
EBA Guidelines on resubmission of historical data out for comments
The EBA has prepared draft Guidelines on the resubmission of historical data. The Guidelines propose a common approach for financial institutions to the resubmission of historical data under the EBA reporting framework, for example in case of reporting errors. The Guidelines are available in full at the EBA website...
Regulator Information
Regulator Name: Financial Supervisory Authority
Abbreviation: FIN-FSA
Jurisdiction: Finland
Website: https://www.finanssivalvonta.fi/en/
Email: [email protected]
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Deputy Director General Jyri Helenius assigned as Head of Director General’s Staff at Financial Supervisory Authority
The Board of the Financial Supervisory Authority (FIN-FSA) has assigned Deputy Director General Jyri Helenius to handle the duties of the Head of Director...