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Finnish banks offer extra grace periods – opportunity already taken by 63,000 households and 12,000 companieshttp://www.finanssiala.fi/en/news/Pages/Finnish-banks-grace-periods-already-taken-by-63000-households-12000-companies.aspxFinnish banks offer extra grace periods – opportunity already taken by 63,000 households and 12,000 companies9.4.2020 7:33:00<div class="ExternalClass6A9C1B1BEB39492C884EFE987D83E943"><p>​<span style="font-size:18.2px;">To help businesses and households struggling in the coronavirus crisis, Finnish banks offer extra flexibility for loan repayments. As many as 63,000 private customers and 12,000 companies have already sent banks applications for extra grace periods. The figures are based on a survey sent to Finnish banks by the FFI on 6 April 2020.</span><br></p></div>1
Finns' financial literacy at a high level – more studies neededhttp://www.finanssiala.fi/en/news/Pages/Finns-financial-literacy-at-a-high-level-but-more-studies-needed.aspxFinns' financial literacy at a high level – more studies needed8.4.2020 6:31:00<div class="ExternalClass06E37E6715FB443F82376E8DCC155028"><p>​<span style="font-size:18.2px;">The Finnish level of financial literacy looks good in international comparison, but comparative studies have also revealed gaps in Finns’ economic knowledge and behaviour. These findings were published by the Bank of Finland in a recent report which analysed a number of Finnish and international studies. There is now need for domestic long-term study of financial literacy.</span><br></p></div>5
Virtual and central bank digital currencies discussed in FFI's online seminarhttp://www.finanssiala.fi/en/news/Pages/Virtual-and-central-bank-digital-currencies-discussed-in-FFI's-online-seminar.aspxVirtual and central bank digital currencies discussed in FFI's online seminar8.4.2020 6:01:00<div class="ExternalClass7D747B0009C0426CBF5C957CCF0836A9"><p>​<span style="font-size:18.2px;">Finance Finland’s latest mini-seminar was arranged as an online only event due to the coronavirus situation. FFI invited Aleksi Grym from the Bank of Finland to discuss central bank digital currencies, and Hanna Heiskanen from the Finnish Financial Supervisory Authority to discuss virtual currencies. </span><br></p></div>3
Coronavirus shutdowns only rarely covered by business interruption insurancehttp://www.finanssiala.fi/en/news/Pages/BI-insurance-rarely-covers-coronavirus-shutdowns.aspxCoronavirus shutdowns only rarely covered by business interruption insurance31.3.2020 6:44:00<div class="ExternalClass108A072E560B49C8A1C6ED2E1E234CA4"><p>​<span style="font-size:18.2px;">Restaurants and cafes shut down due to the coronavirus pandemic are not generally eligible for compensations from business interruption insurance policies. Only a small number of policies may, to a limited extent, compensate for business interruption when all restaurants and cafes are closed under emergency law. The insurances are built for normal circumstances and cannot cover all business operations. Now is the time to have a close read through the terms and conditions of your own policies.</span><br></p></div>2
Ritakallio: Government’s economic package is highly necessary – Finnish financial sector shoulders its responsibilitieshttp://www.finanssiala.fi/en/news/Pages/Ritakallio-Government’s-economic-package-is-highly-necessary-–-Finnish-financial-sector-shoulders-its-responsibilities.aspxRitakallio: Government’s economic package is highly necessary – Finnish financial sector shoulders its responsibilities20.3.2020 10:45:00<div class="ExternalClassD0FA58C91BE640FBAE5D56664EE78B03"><span style="font-size:18.2px;">The Finnish financial sector welcomes the economic package approved by Sanna Marin’s government on 20 March as an absolutely essential measure for relieving the financial distress of Finnish households and businesses.</span><br></div>4
Hakkari School enters the European Money Quiz finals for the second consecutive yearhttp://www.finanssiala.fi/en/news/Pages/Hakkari-School-enters-the-European-Money-Quiz-finals-for-the-second-consecutive-year.aspxHakkari School enters the European Money Quiz finals for the second consecutive year19.3.2020 13:22:00<div class="ExternalClassEEB2ACBA7EDA401BAC5286FE9DE6421A"><p>​<strong>Hakkari School in Lempäälä gets to represent Finland in the European Money Quiz for the second year in a row. The EMQ is an annual contest in financial knowledge for middle school students, organised by the European Banking Federation and national banking associations. It traditionally takes place in Brussels, but this year, due to the coronavirus situation, it takes the form of an online competition. The finals will be held on 29 April. Finland's representatives are Niko Rajamäki and Elias Hämetvaara.</strong></p></div>5
FIN-FSA’s decision to lower capital requirements supports banks’ lending capacityhttp://www.finanssiala.fi/en/news/Pages/FIN-FSA’s-decision-to-lower-capital-requirements-supports-banks’-lending-capacity.aspxFIN-FSA’s decision to lower capital requirements supports banks’ lending capacity18.3.2020 11:49:00<div class="ExternalClass2CC5453C092A4DF0A106DD7A773FA67A"><p><span style="font-size:18.2px;">Finance Finland (FFI) welcomes the Finnish Financial Supervisory Authority’s (FIN-FSA) decision to lower Finnish credit institutions’ capital requirements. Together with the decisions of the macroprudential supervisors of other countries, this decision is estimated to increase the potential lending capacity of credit institutions to Finnish businesses and households by €30 billion.</span><br></p></div>1
Financial sector commends BoF and FIN-FSA's latest decisionshttp://www.finanssiala.fi/en/news/Pages/Financial-sector-commends-BoF-and-FIN-FSA's-latest-decisions.aspxFinancial sector commends BoF and FIN-FSA's latest decisions16.3.2020 10:38:00<div class="ExternalClassADE9E8F16C1E4F59890473C31EFC2BED"><p>​<span style="font-size:18.2px;">To ease payment and cash-flow problems caused by the corona pandemic, the Bank of Finland (BoF) yesterday made a decision to invest €500 million in commercial papers. The Finnish Financial Supervisory Authority (FIN-FSA) confirmed the European Central Bank’s (ECB) decision to grant banks temporary relief on certain additional capital and liquidity requirements. The Finnish Government is also preparing measures that aim to ease the stress especially for the SME and service sectors.</span><br></p></div>4
EBF letter calls for European measures to face COVID-19 outbreakhttp://www.finanssiala.fi/en/news/Pages/EBF-letter-calls-for-European-measures-to-face-COVID-19-outbreak.aspxEBF letter calls for European measures to face COVID-19 outbreak12.3.2020 13:47:00<div class="ExternalClass31E771CA50CA45D899396441032CD2CA"><p>​<span style="font-size:18.2px;">The European Banking Federation appeals for the leadership of European institutions to take swift action to mitigate the economic effects of the coronavirus. </span><br></p></div>5
Harmonise, cooperate, empower and be smarter – EBF publishes EU anti-money laundering recommendationshttp://www.finanssiala.fi/en/news/Pages/Harmonise,-cooperate,-empower-and-be-smarter-–-EBF-publishes-EU-anti-money-laundering-recommendations.aspxHarmonise, cooperate, empower and be smarter – EBF publishes EU anti-money laundering recommendations12.3.2020 11:08:00<div class="ExternalClass8F9072B58C044EDA973140BC4C52734C"> <p class="MsoNormal"><strong><span lang="EN-GB" style="line-height:107%;color:black;">As the European Commission is preparing a more effective European Union framework for fighting money laundering, the European Banking Federation (EBF) presented the banking sector’s recommendations for the EU’s anti-money laundering policy.</span></strong></p></div>4

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