Funding and operating expences

The Financial Supervisory Authority finances its activities mainly by levying supervision and processing fees, which totaled EUR 27.8 million in 2018. In addition, a contribution of 5% is made by the Bank of Finland to the Authority’s funding costs. 

The Board of the Financial Supervisory Authority approves our budget, which is finally confirmed by the Board of the Bank of Finland. Total expense budget for 2019 is EUR 35.2 million. The majority of the expenses for our activities are composed of staff expenses, accounting for some EUR 21.4 million of the budget.

Other expenses amount to about EUR 13.8 million in the budget for 2019. IT and office premises costs make up most of other expenses.

For more detailed information, see the Annual Report 2018 (in Finnish).

FIN-FSA operating expenses in 2012–2018 and budget for 2019 

EUR millions 2012 2013 2014 2015 2016 2017 2018 Budget 2019
Staff
expenses
17.4 18.0 16.9 16.6 16.0 15.5 18.6 21.4
Other
expenses
  7.4   8.3   9.3   9.4   9.7 10.1 11.3 13.8
Total 24.8 26.3 26.2 26.0 25.7 25.6 29.9 35.2