Finanssivalvonta, or the Financial Supervisory Authority (FIN-FSA), is the authority for supervision of Finland’s financial and insurance sectors. The entities supervised by the 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.
Administratively we operate in connection with the Bank of Finland, but we make independent decisions in our supervisory work. FIN-FSA has about 200 employees. Our office is 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 (unofficial translation).
We work for the benefit of the users of banking, insurance and investment services.