Banking regulation and supervision
The Ministry of Finance is responsible for banking regulation in Finland. The objective of banking regulation is to ensure financial stability and efficient allocation of financial resources in the economy.
Banking regulation is broadly harmonized within the EU Single Market, and most of the national legislation is based on EU directives or regulations. In recent years, the EU has been building a Banking Union, which entails a Single Rulebook, a Single Supervisory Mechanism (SSM) and a Single Resolution Mechanism (SRM). In addition, negotiations are ongoing with a view to possibly establishing a European Deposit Insurance Scheme (EDIS).
The Ministry of Finance also continuously monitors the outlook in the international and national financial markets, as well as the risks and structural development related to them. Besides collaboration with domestic authorities, cooperation takes place in networks with Nordic and EU actors.
Contact person: Pauli Kariniemi