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Preparatory work on EU non-financial reporting standards – join public online webinars on the 14th and 18th of Januaryhttp://www.finanssiala.fi/en/news/Pages/Save-the-date-preparatory-work-on-EU-non-financial-reporting-standards.aspxPreparatory work on EU non-financial reporting standards – join public online webinars on the 14th and 18th of January11.1.2021 11:46:00<div class="ExternalClass66C50BD5C7D147CA931CC16C8A32494B"><p>​<span style="font-size:18.2px;">The Project Task Force on non-financial reporting standards (PTF-NFRS) of EFRAG’s European Lab holds a series of joint online outreach events starting this week. The webinar on Thursday 14 January has Nordic focus, and the webinar on Monday 18 January has focus on financial institutions. The webinars present the tentative proposals of the PTF-NFRS to the European Commission and gather views from European stakeholders.</span><br></p></div>1

 

 

Brexit raises new questions in EU financial sector regulationhttp://www.finanssiala.fi/en/news/Pages/Brexit-raises-new-questions-on-financial-sector-regulation-in-the-EU.aspxBrexit raises new questions in EU financial sector regulation8.1.2021 9:57:00<div class="ExternalClass573D7B2CFCFD45E5B107C6E6F168253C"><p>​<span style="font-size:18.2px;">The European Union and United Kingdom signed the EU–UK Trade and Cooperation Agreement (TCA) in December. The TCA does not cover financial services, although UK financial markets have had an important role in the European financial services infrastructure and the financing arrangements of European financial companies.</span><br></p></div>2

 

 

All online purchases may soon require strong identificationhttp://www.finanssiala.fi/en/news/Pages/All-online-purchases-may-soon-require-strong-identification.aspxAll online purchases may soon require strong identification25.11.2020 9:24:00<div class="ExternalClass2D9B01759C9F45C28FD1D3518FEA49C3"><p><span style="font-size:18.2px;">As of the end of the year, you will want to keep your means of strong identification close at hand. The transition period to the EU’s Second Payment Services Directive (PSD2) ends by January 2021, after which the requirement of strong customer authentication will apply to all electronic payments. This includes even small amounts and cases such as refuelling a car using a mobile app. The purpose of PSD2 is to improve payment security and consumer protection. </span><br></p></div>3

 

 

Finnish Government proposes making illegal threats subject to public prosecutionhttp://www.finanssiala.fi/en/news/Pages/Finnish-government-proposes-making-illegal-threats-subject-to-public-prosecution.aspxFinnish Government proposes making illegal threats subject to public prosecution25.11.2020 7:04:00<div class="ExternalClassE287683F01A344B894C2CBCA0CEA2157"><p>​<span style="font-size:18.2px;">Employees at banks and insurance companies face threats, online shaming and even persecution on a daily basis. The recent government proposal to make illegal threats subject to public prosecution is highly valuable: it gives employers more power to help and support their employees against harassment.</span><br></p></div>4

 

 

Finnish financial sector supports the banking union – but rushing risk sharing could slow down economic recoveryhttp://www.finanssiala.fi/en/news/Pages/Finnish-financial-sector-supports-the-banking-union-but-rushing-risk-sharing-could-slow-down-economic-recovery.aspxFinnish financial sector supports the banking union – but rushing risk sharing could slow down economic recovery14.12.2020 6:00:00<div class="ExternalClass8E09A380AD5345EFA07D68E7959972A8"><p>​<span style="font-size:18.2px;">The Finnish financial sector has appealed to the Finnish Government that Finland should call a halt to added risk sharing and tighter capital requirements for banks in EU policy-making. On 30 November, the Eurogroup Ministers agreed to expand risk sharing by advancing the mutualisation of extraordinary ex-post contributions. The European deposit insurance scheme is also being pushed forward. Completion of Basel III would substantially raise banks’ capital requirements and could result in stricter loan conditions for households and businesses. The mortgage legislation proposals currently being prepared in Finland may also hinder labour mobility and first-time home purchases.</span><br></p></div>5

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Speeding up sustainable finance requires slowing down new regulation

Elina Kamppi, 21 Dec 2020

The past year has been a year of speculation in sustainable finance. We have been looking for interpretations of how the EU Disclosures Regulation obligates the providers, producers and sellers of investment services and products in practice. Unfortunately, the search has not yielded much results, and until the ESAs bring more clarity to the matter in early 2021, we can only continue to speculate. Originally, the EU technical standards were to be finalised by the end of 2020. The regulation enters implementation in March.

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FFI response to Commission on ESAP IIAhttp://www.finanssiala.fi/en/statements/FFI_response_14012021_to_Commission_on_ESAP_IIA.pdfFFI response to Commission on ESAP IIA13.1.2021 22:00:00
Capital markets – research on companies seeking alternative financing (updated rules in light of COVID-19)http://www.finanssiala.fi/en/statements/FFI_comments_11092020_EC_Capital_markets_research_on_companies_seeking_alternative_financing_COVID_19.pdfCapital markets – research on companies seeking alternative financing (updated rules in light of COVID-19)10.9.2020 21:00:00
FFI response to joint ESA consultation on ESG disclosureshttp://www.finanssiala.fi/en/statements/FFI_consultation_response_28082020_ESA_FDR_RTS_ESG_disclosures.pdfFFI response to joint ESA consultation on ESG disclosures27.8.2020 21:00:00

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Preparatory work on EU non-financial reporting standards – join public online webinars on the 14th and 18th of Januaryhttp://www.finanssiala.fi/en/news/Pages/Save-the-date-preparatory-work-on-EU-non-financial-reporting-standards.aspxPreparatory work on EU non-financial reporting standards – join public online webinars on the 14th and 18th of January12.1.2021 9:28:0411.1.2021 11:46:00
Brexit raises new questions in EU financial sector regulationhttp://www.finanssiala.fi/en/news/Pages/Brexit-raises-new-questions-on-financial-sector-regulation-in-the-EU.aspxBrexit raises new questions in EU financial sector regulation11.1.2021 12:03:378.1.2021 9:57:00
From the crisis emerged better cooperationhttp://www.finanssiala.fi/en/news/Pages/From-the-crisis-emerged-better-cooperation.aspxFrom the crisis emerged better cooperation13.1.2021 8:48:1823.12.2020 8:30:00
Season's Greetings from FFIhttp://www.finanssiala.fi/en/news/Pages/Seasons-greetings-2020.aspxSeason's Greetings from FFI22.12.2020 4:20:3422.12.2020 4:20:00
Speeding up sustainable finance requires slowing down new regulationhttp://www.finanssiala.fi/en/news/Pages/Speeding-up-sustainable-finance-requires-slowing-down-new-regulation.aspxSpeeding up sustainable finance requires slowing down new regulation7.1.2021 10:27:3521.12.2020 12:09:00
Finnish financial sector supports the banking union – but rushing risk sharing could slow down economic recoveryhttp://www.finanssiala.fi/en/news/Pages/Finnish-financial-sector-supports-the-banking-union-but-rushing-risk-sharing-could-slow-down-economic-recovery.aspxFinnish financial sector supports the banking union – but rushing risk sharing could slow down economic recovery11.1.2021 12:04:0014.12.2020 6:00:00