Finnish Financial Supervisory Authority
Financial supervisory authority in Finland
From Wikipedia, the free encyclopedia
The Finnish Financial Supervisory Authority (FIN-FSA; Finnish: Finanssivalvonta or Fiva; Swedish: Finansinspektionen or FI) is the financial supervisory authority responsible for the regulation of financial services in Finland.
| Finanssivalvonta (Fiva) Finansinspektionen (FI) | |
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 FIN-FSA building in Kruununhaka, Helsinki | |
| Agency overview | |
|---|---|
| Formed | January 1, 2009 |
| Jurisdiction | Finland |
| Headquarters | |
Agency executive |
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| Website | www.finanssivalvonta.fi |
Under European Union policy frameworks, the FIN-FSA is the national competent authority for Finland within European Banking Supervision.[1] It is a voting member of the respective Boards of Supervisors of the European Banking Authority (EBA),[2] European Insurance and Occupational Pensions Authority (EIOPA),[3] and European Securities and Markets Authority (ESMA).[4] It provides the permanent single common representative for Finland in the Supervisory composition of the General Board of the Anti-Money Laundering Authority (AMLA).[5] It is also a member of the European Systemic Risk Board (ESRB).[6]
History
The Financial Supervisory Authority (FIN-FSA) was established on 1 January 2009, following a merger of the former Financial Supervision Authority and the Insurance Supervisory Authority. FIN-FSA operates in connection with the Bank of Finland. The predecessor of the Financial Supervision Authority was the Banking Supervision Office (in Finnish: Rahoitustarkastus [Rata]; also then in Swedish: Finansinspektionen [FI]).[7]