|
|
About us
Finanssivalvonta (Fiva), or the Financial Supervisory Authority (FIN-FSA), is the new authority for supervision of Finland’s financial and insurance sectors and, from 1 January 2009, responsible for most of the supervisory functions previously undertaken by the Financial Supervision Authority and the Insurance Supervisory Authority. The entities supervised by the new authority include banks, insurance and pension companies as well as other companies operating in the insurance sector, investment firms, fund management companies and the Helsinki Stock Exchange. As much as 95% of our activities will be funded by the supervised entities and the remainder will be provided by the Bank of Finland.
Merging the Financial Supervision Authority and the Insurance Supervisory Authority into the Financial Supervisory Authority enables a more efficient utilisation of the best expertise and available resources of the two different sectors of the supervised entities. This is necessary for a successful supervision in an environment of increasingly complex risks and regulation.
Administratively we operate in connection with the Bank of Finland, but we make independent decisions in our supervisory work. FIN-FSA has about 210 employees and operates through two offices. Both offices are situated in Helsinki.
The objective of our activities is to enable balanced operations of credit institutions, insurance and pension companies and other supervised entities in stable financial markets. Our objective is also to protect the rights of the insured and foster public confidence in financial market operations. In addition, we are responsible for promoting compliance with good practice in financial markets and disseminating general knowledge about the markets. These objectives and duties have been included in the Act on the Financial Supervisory Authority.
We work for the benefit of the users of banking, insurance and investment services.
Board
- Chairman Pentti Hakkarainen, Deputy Governor of the Bank of Finland (Bank of Finland)
- Vice Chairman Martti Hetemäki, Under-Secretary of State (Ministry of Finance)
- Pirkko Juntti, LLM
- Antero Kiviniemi, Director (Ministry of Social Affairs and Health)
- Paavo Pitkänen, MA
The deputy member of Pentti Hakkarainen is Kimmo Virolainen, Head of Department, that of Martti Hetemäki is Tuija Taos, Director, and that of Antero Kiviniemi is Leena Väänänen, Senior Actuary.
Management group
- Anneli Tuominen, Director General
- Jukka Vesala, Deputy Director General, Prudential Supervision
- Seppo Juutilainen, Head of Division, Institutional Supervision
- Erkki Kontkanen, Head Adviser, General Secretariat
- Jarmo Parkkonen, Head of Market Supervision
- Erja Rautanen, Head of Conduct of Business Supervision
- Hely Salomaa, Head Adviser, Prudential Supervision
- Pirjo Kyyrönen, Senior Legal Advisor, Secretary of the Management group
The CVs of management group members
Updated 17 February 2010
|
|