The Board sets the specific objectives for the activities of FIN-FSA, decides the operational principles, and guides and supervises achievement of the objectives and compliance with these principles.
In addition, the Board considers the budget of the FIN-FSA and submits it to the Board of the Bank of Finland for confirmation. In accordance with section 10 of the Act on the Financial Supervisory Authority (878/2008), the Board supplies the Parliamentary Supervisory Council at least once a year with a report on the operational objectives of the FIN-FSA and their achievement. This includes an assessment of expected changes in supervision, their impact on the accumulation of supervision fees and measures required by the expected changes.
The photo shows the Board of the Financial Supervisory Authority in February 2023.
Back row: Martti Hetemäki, Lasse Heiniö and Pauli Kariniemi
Front row: Leena Kallasvuo, Marja Nykänen and Liisa Siika-aho
Photo: Heikki Saukkomaa / STT-Lehtikuva
Chair Marja Nykänen
LLM (trained on the bench), Deputy Governor of the Bank of Finland
Vice Chair Leena Mörttinen (until 8 December 2022)
DSocSc, Permanent State Under-Secretary of the Ministry of Finance
Vice Chair Pauli Kariniemi (as of 9 December 2022)
LicSc (Econ), MSc (Econ), Attestation Erasmus, Head of Department, Ministry of Finance
Heli Backman (until 8 September 2022)
LLM, Head of Department, Director General, Ministry of Social Affairs and Health
Minna Lehmuskero (as of 9 September 2022)
MSc, actuary approved by the Ministry of Social Affairs and Health (SHV), Senior Actuary, Ministry of Social Affairs and Health
MSc, actuary approved by the Ministry of Social Affairs and Health (SHV)
Vesa Vihriälä (until 2 June 2022)
DSocSc, Professor of Practice, University of Helsinki
Martti Hetemäki (as of 9 September 2022)
DSocSc, Professor of Practice, Aalto University, University of Helsinki
The deputy member for Marja Nykänen was Katja Taipalus (DSocSc, Head of Department, Bank of Finland). The deputy member for Leena Mörttinen was Janne Häyrynen (LLM, DSc Econ, Docent in Securities Market Law, Legislative Counsellor, Head of Unit, Ministry of Finance) until 14 November 2022. The deputy member for Pauli Kariniemi was Paula Kirppu, (LLM, Legislative Counsellor) as of 9 December 2022. The deputy member for Heli Backman was Minna Lehmuskero (MSc, actuary approved by the Ministry of Social Affairs and Health (SHV), Senior Actuary, Ministry of Social Affairs and Health) until 8 September 2022. The deputy member for Minna Lehmuskero was Jaana Rissanen (LLM, Director) as of 9 September 2022.
The Secretary to the Board was Pirjo Kyyrönen (LLM, trained on the bench, Senior Legal Advisor). The Board convened 38 times during the year. Fees paid to the members and deputies in the year totalled EUR 84,308.
- CVs of the Board, composition of the Parliamentary Supervisory Council, organisation chart: finanssivalvonta.fi/en > FIN-FSA > Organisation and tasks