Supervisory work of the Financial Supervisory Authority

Supervisory priorities

In 2026, the emphasis of supervisory priorities will be on the functioning of digital services and preparing for extreme economic and market phenomena.

Monitoring the functioning of digital services includes both digital resilience and cybersecurity as well as the security of digital services. The FIN-FSA will focus its supervision on digital resilience and mitigating risks related to the use of digital customer channels.

We prepare for extreme economic and market phenomena with supervisory measures that ensure the adequacy of supervised entities’ own preparedness and risk resilience, as well as by monitoring and anticipating risks in the operating environment. Operating environment risks remain exceptionally high due to, among other things, the geopolitical and trade situation and the high valuation levels of US technology companies. Implementation of this supervisory priority was supported by an operating environment analysis by FIN-FSA analysts that examined the effects of expected and weaker-than-expected economic development on the Finnish financial sector. The work was based on the Bank of Finland’s baseline forecast and EBA and EIOPA stress test scenarios.

A risk-based approach remains the guiding factor for supervision. In addition to our annual priorities, we continuously monitor solvency, good governance and procedures.

Inspections and thematic reviews in the various supervisory sectors

Each year, the FIN-FSA carries out a number of inspections of individual supervised entities as well as thematic reviews of groups of supervised entities in accordance with its supervisory priorities. The priorities of European supervisors and the risk-based approach also guide the FIN-FSA’s inspections and reviews.

Of Finnish banks, Nordea, OP Financial Group, Danske Bank and Municipality Finance are under direct ECB supervision, and the FIN-FSA conducts supervision in cooperation with the ECB. Where applicable, the FIN-FSA also follows the same priorities in the supervision of smaller credit institutions under its direct supervision.

In banks and payment services, the FIN-FSA’s inspections and reviews will also cover themes related to credit and interest rate risks as well as the prevention of money laundering and terrorist financing.

In insurance supervision, the focus will be on, among other things, the assessment of corporate governance and procedures.

Supervision of capital market participants will focus on assessing themes related to, among other things, investor information, procedures, corporate governance and operational risks.

Thematic reviews and inspections will be reprioritised if events in the operating environment so require.

Inspection and thematic review plans 2026:

Supervisory priorities

Inspections and thematic reviews in the various supervisory sectors

See also