Watch webinar recording – Standardised sustainability reporting will give comparable data on the sustainability of investments

The webinar was opened by MEP Ville Niinistö, who emphasised the importance of sustainability reporting in mitigating climate change. “We have the Paris Agreement, in addition to which the EU and the countries, companies, and even individual citizens set their own climate goals. As long as the rules are unclear on what data is collected, … Continued

Webinar on 15 April – Sustainable economic activity and how it should be reported

The EU is on the move towards more harmonised sustainability reporting. This webinar addresses questions such as: What are the priorities in the upcoming non-financial reporting review? What is lacking in sustainability reporting today? Why is reporting so important for the financial companies and sustainable investments? What are the opportunities and challenges of increased reporting … Continued

European insurers issue a joint declaration on artificial intelligence

Employer and employee organisations in the European insurance sector have signed a joint declaration on the use of artificial intelligence in the insurance sector. The organisations agree that AI has the potential to improve employee working conditions, increase customer satisfaction, and streamline internal company processes. Artificial intelligence creates opportunities to develop and improve the quality … Continued

Safe use of digital services for better daily life

In FFI’s round table webinar on 24 March, Finland’s Minister of Local Government and Ownership Steering, Sirpa Paatero, pointed out that digital skills training is not just for special groups. The importance of digital skills has been noted by many entrepreneurs and companies as well. ”People in small businesses are experts in their own field, which … Continued

Financial sector wants substantial risk reduction before completion of the Banking Union – Watch the recording of our EU Round Table webinar

DG John Berrigan compared the COVID-19 crisis to the great financial crisis thirteen years ago. “This time, banks are part of the solution, not part of the problem, but we need to keep it that way.” EU banks have granted various flexible arrangements to their loan customers during the current crisis, and have been able … Continued

Finance Finland increases the transparency of its lobbying by reporting its contacts

Finance Finland (FFI) opens up its activities in representing the interests of the financial sector by beginning to publish annual reports of its lobbying contacts. This year’s report discloses the names of the members of the Finnish parliament, ministers and state secretaries, members of EU parliament and Commission officials, and other decision-makers and interest groups … Continued

17 March: EU Round Table webinar – Towards the Completion of the Banking Union

On 17 March 2021, 8.30–10 a.m. CET, Finance Finland is organising a panel discussion on topical issues regarding the completion of the Banking Union. The Euro Summit in December 2020 invited the Eurogroup to prepare, on a consensual basis, a work plan on all outstanding elements needed to complete the Banking Union. At the same … Continued

Finland’s Commerce Committee wants more transparency in banks’ additional capital requirements

The obligation for authorities to provide more adequate justification for capital requirements will improve the transparency and predictability of decision-making. The calculation of systemic risk must indicate which risk is involved and how much capital is required to cover it. In principle, without proper risk disclosure and transparent assessment, the decisions of the authorities could … Continued