Jurisdiction Finland Founded 1 January 2009 | Headquarters Helsinki | |
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Formed January 1, 2009 (2009 -January-01) Agency executive Ms. Anneli Tuominen, Director General Website www.finanssivalvonta.fi | ||
The Finnish Financial Supervisory Authority (FIN-FSA; in Finnish: Finanssivalvonta [Fiva]; in Swedish: Finansinspektionen [FI]) is the financial regulatory authority of the Finnish government, responsible for the regulation of financial markets in Finland.
FIN-FSA supervise Finland’s financial and insurance sectors. It include banks, insurance companies, pension companies and other companies operating in the insurance sector, investment firms, fund management companies and the Helsinki Stock Exchange. 95% of activities are funded by the supervised entities and the remainder by the Bank of Finland.
History
The Financial Supervisory Authority (FIN-FSA) was established on 1 January 2009, following a merger of the former Financial Supervision Authority and the Insurance Supervisory Authority. FIN-FSA operates in connection with the Bank of Finland. The predecessor of the Financial Supervision Authority was the Banking Supervision Office (in Finnish: Rahoitustarkastuslaitos [Rata]; also then in Swedish: Finansinspektionen [FI]).