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Funding and operating expences

The Financial Supervisory Authority finances its activities mainly by levying supervision and processing fees, which totaled EUR 33.3 million in 2019. 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 2020 is EUR 39.2 million. The majority of the expenses for our activities are composed of staff expenses, accounting for some EUR 24.1 million of the budget.

Other expenses amount to about EUR 15.1 million in the budget for 2020. IT and office premises costs make up most of other expenses.

For more detailed information, see the Annual Report 2019 (in Finnish).

FIN-FSA operating expenses in 2013–2019 and budget for 2020

EUR millions 2013 2014 2015 2016 2017 2018 2019 Budget 2020
Staff
expenses
18.0 16.9 16.6 16.0 15.5 18.6 22.6 24.1
Other
expenses
  8.3   9.3   9.4   9.7 10.1 11.3 12.2 15.1
Total 26.3 26.2 26.0 25.7 25.6 29.9 34.8 39.2