Funding and operating expences

The Financial Supervisory Authority finances its activities mainly by levying supervision and processing fees, which totaled EUR 34.8 million in 2020. 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 2021 is EUR 41.2 million. The majority of the expenses for our activities are composed of staff expenses, accounting for some EUR 26.3 million of the budget.

Other expenses amount to about EUR 14.9 million in the budget for 2021. IT and office premises costs make up most of other expenses.

For more detailed information, see the Annual Report 2020 (in Finnish).

FIN-FSA operating expenses in 2014–2020 and budget for 2021

EUR millions 2014 2015 2016 2017 2018 2019 2020 Budget 2021
Staff
expenses
16.9 16.6 16.0 15.5 18.6 22.6 24.1 26.3
Other
expenses
  9.3   9.4   9.7 10.1 11.3 12.2 15.1 14.9
Total 26.2 26.0 25.7 25.6 29.9 34.8 39.2 41.2