Current issues
Stress test of the European banking sector published
In June, the Economic and Financial Affairs Council mandated the Committee of European Banking Supervisors (CEBS) in collaboration with the European Central Bank, European Commission and national supervisors to conduct a union-wide stress test for the banking sector in the EU. The test covers 91 banks and approximately 65 % of the aggregate balance sheet of the banking sector in the EU. In Finland, the Financial Supervisory Authority (Finanssivalvonta) was responsible to conduct the test concerning domestic banks (OP-Pohjola Group).
EU stress testing exercise confirms good health of the Finnish banking sector
Cabinet Committee on European Union Affairs
The Cabinet Committee on European Union Affairs usually meets on Friday mornings. After the Cabinet Committee meeting, the Government Communications Unit holds a weekly briefing for representatives of media on the issues discussed by the Cabinet Committee. The briefing material is made available on our website on Friday afternoon.
Recent material (in Finnish)
Government Programme of Prime Minister Kiviniemi
Government Programme of Prime Minister Mari Kiviniemi’s Government was submitted to Parliament in the form of a Government statement on 22 June 2010. As for the EU, the statement emphasises Finland’s active role as a promoter of transparency and sustainability in the EU’s financial markets. Finland supports the European Commission’s efforts to establish international legislation for the financial markets.