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Surviving the Great Lockdown must not be our only aim the Great Lockdown must not be our only aim16.6.2020 11:51:00<div class="ExternalClassD8C3523913B344CEA75C6914C107EA34"><p>​<span style="font-size:18.2px;">A few weeks ago I attended a webinar by Olivier Blanchard, former chief economist at the International Monetary Fund IMF. Blanchard is one of the most cited economists in the world, so I was very much looking forward to hearing his views on how the pandemic has affected public finances globally. </span><br></p></div>Not to the front page
ESG reporting needs a drastic revision reporting needs a drastic revision10.6.2020 12:33:00<div class="ExternalClassB63F525E652C4961A55625ACC9D2958A"><p><span style="font-size:18.2px;"><strong>ESG data collected from companies is used to rate investment targets in terms of how well the companies take ESG factors into account, and how their operations affect the environment and the society. </strong><strong>The Commission is now updating this framework together with the revision of the EU non-financial reporting directive. Finance Finland holds the view that the upcoming update should be an ambitious one.</strong></span><br></p></div>Not to the front page
Cybersecurity is promoted through transparency, communication and new operating models,-communication-and-new-operating-models.aspxCybersecurity is promoted through transparency, communication and new operating models27.4.2020 5:00:00<div class="ExternalClass38EEC13C2C4B4076859E40A2B8558DFF"><p>​<span style="font-size:18.2px;">The financial sector and its operating environment are subject to strict regulation. New rules and recommendations on the sector’s cybersecurity are currently being prepared in European networks of authorities. Side by side with the legally binding requirements, the expectations of customers and stakeholders are also growing. In the constantly changing digital environment, information processing and service provision must be secure and in compliance with data protection provisions under all circumstances.</span><br></p></div>Not to the front page
Banks are a critical pillar of support during the COVID-19 crisis are a critical pillar of support during the COVID-19 crisis7.4.2020 13:04:00<div class="ExternalClassF6753FF4F5D34721A58CC48DA677DE7B"><p>Turbulent times emphasise the importance of cooperation. The will to help is strong; many have rolled up their sleeves, ready to work hard, but successful results require dialogue and flexibility all around. Ever since the coronavirus crisis struck, governments and authorities have been making highly impactful decisions at breakneck speed. Finnish banks were also quick to step up and have taken responsibility to help businesses survive.<br></p></div>Not to the front page
Responsible investing is not only our privilege, it's our duty investing is not only our privilege, it's our duty28.2.2020 10:00:00<div class="ExternalClass2D4F6E0EA7264A098A0B77C7EA3974F9"><p>​<span style="font-size:18.2px;">Future generations must be able to live on Earth. We’ve finally woken up to the fact that everyone can make choices for the better, and I’m happy that sustainable investing has become a new financial megatrend.</span><br></p></div>Not to the front page
Competence creates productivity and well-being creates productivity and well-being21.2.2020 6:29:00<div class="ExternalClassA5F01C6FD1794505A16AAEBB3504DC3C"><p>​<span style="font-size:18.2px;">The financial sector has been shaken by massive changes over the past decade. Perhaps the biggest force of change has been digitalisation, which has transformed services at a rapid pace. It is not the only driving force, however: customers’ changing needs have also made it necessary to update operating models. The sector can best prepare for future challenges by ensuring the competence of its personnel.</span><br></p></div>Not to the front page
Insurance guarantee schemes should be regulated nationally – not at EU level guarantee schemes should be regulated nationally – not at EU level13.2.2020 5:30:00<div class="ExternalClass0E8B86B9787948A5BD6174E3F94DA222"><p>​<span style="font-size:18.2px;">The question of whether insurance guarantee schemes should be regulated with a directive is once again on the table in the European Union. Insurance guarantee schemes protect customers’ receivables in the event of an insurer’s insolvency. The schemes are usually funded through insurance companies’ joint liability.</span><br></p></div>Not to the front page
The Basel train is already on the move – what it carries to member states is up to officials and politicians Basel train is already on the move – what it carries to member states is up to officials and politicians20.1.2020 12:36:00<div class="ExternalClassF095B929D6C140D48F94DE6DBA7375CC"><p>​<span style="font-size:18.2px;">European banking regulation has multiplied in volume over the past ten years. It seems like in the process, the original reason for regulation has been forgotten: the protection of regular citizens and the companies employing them – that is to say, everyone who keeps the wheels of economy turning.</span><br></p></div>Not to the front page
Finland's time to shine with green finance and capital markets's time to shine with green finance and capital markets4.11.2019 8:00:00<div class="ExternalClass7D5E3582A108428CBED840A97798AE07"><p>​<span style="font-size:18.2px;">The work to curb climate change shifts gears as the financial sector starts to steer funding based on environmental considerations. ‘Green’ or sustainable finance is an essential tool of effective climate work and must be included in all relevant debate in the EU. </span><br></p></div>Not to the front page
The financial sector prepares against hybrid threats financial sector prepares against hybrid threats14.9.2019 8:04:00<div class="ExternalClassCA7FE30BFEC044FEB5DED5051D08D03C"><p>​<span style="font-size:18.2px;">Comprehensive protection of the security of citizens, including resilience against hybrid and cyber threats, is one of the priorities of Finland’s EU presidency. The Finnish financial sector fully supports this objective and is committed to achieving appropriate countermeasures in cooperation with the government and other industry sectors. EU finance ministers discussed the subject matter in their informal meeting of ministers for economic and financial affairs on 13–14 September.</span><br></p></div>Not to the front page