Voice of the Finnish financial sector

Finance Finland (FFI) is the common voice of the Finnish financial sector and represents the interests of its members. We are the modern financial sector’s most skilled, most efficient representative nationally and internationally. Our ambition is to be at the forefront of Finnish lobbying with our most respected peers.

We represent banks, life and non-life insurers, employee pension companies, finance houses, fund management companies and securities dealers operating in Finland. Our members also include providers of statutory insurance lines, which account for much of Finnish social security. Being the representative of the entire financial sector makes us unique in Europe, where the different types of financial companies typically organise themselves with their own interest groups. This broad representation gives us significant leverage.

Voice of the Finnish financial sector in Finland and in Europe

    • We bring attention to how regulation affects financial services and, by extension, society and its citizens.
    • We contribute expert insight during law drafting.
    • We actively participate in public debate concerning the financial services sector.

ORGANISATION

Finance Finland’s office employs 59 financial sector experts. They are organised in six groups: EU Affairs, Infrastructure and Security, Legislation, Financial and Prudential Regulation, Public Affairs and Administration.

POSITION-TAKING NETWORK

Finance Finland’s core function as a provider of high-quality lobbying is founded upon an extensive position-taking network.

Representatives from our members comprise operating bodies, whose central function is to formulate Finance Finland’s position on any pending lobbying issues.

The operating bodies are also a good source of information on the members’ views on societal matters such as legislation and the policies of relevant authorities. Influencing these requires active participation from Finance Finland.

EXECUTIVE COMMITTEES

Six sector-specific Executive Committees operate under the direction of the Board. The Executive Committees have their own spheres of authority on all matters that do not influence the operations of other sector-specific Executive Committees or Finance Finland as a whole.

Finance Finland’s Board has appointed the following Executive Committees and their chairmen:

Securities Dealing ExCom, Janne Sarvikivi, Nordea
Life Insurance ExCom, Pekka Luukkanen, Nordea
Banking ExCom, Harri Nummela, OP Pohjola
Fund and Asset Management ExCom, Ari Kaaro, Seligson
Employee Pension ExCom, Carl Pettersson, Elo
Non-Life Insurance ExCom, Mika Makkonen, LocalTapiola

The Board also appoints Committees and Subcommittees on horizontal matters (e.g. labour market and taxation), in addition to which the Executive Committees also have their own sector-specific subcommittees.

We are actively involved in European lobbying through the umbrella organisations European Banking Federation (EBF), Insurance Europe, and European Fund and Asset Management Association (EFAMA). We are also an active member in the Nordic Securities Association.