News releases related to the coronavirus (COVID-19)

News releases related to the coronavirus (COVID-19)

Supervision release 15 July 2022
Amendment of regulations and guidelines concerning EBA ITS data collections 20/2013, 26/2013, 6/2014, 3/2020 and 5/2021, and termination of validity of regulations and guidelines 5/2014
EBA Regulations and Guidelines ITS data collection
Supervision release 20 December 2021
European Central Bank will not extend liquidity relief into next year
LCR Banks Liquidity ECB
Supervision release 11 October 2021
Financial Supervision Authority will not extend its recommendation for insurance companies to refrain from dividend distributions
EIOPA insurance companies recommendation for insurance companies
Press release 24 September 2021
Macroprudential decision: Loan cap remains at 85%, no changes to banks’ countercyclical capital buffer requirement
Loan cap countercyclical capital buffer
Supervision release 20 August 2021
The Board of the Financial Supervisory Authority adopts the risk weight floors for Norwegian residential and commercial real estate exposures
Commercial real estate exposure Residential real estate exposure Risk weight floor
Supervision release 27 July 2021
FIN-FSA decides not to extend its recommendation on distribution of credit institutions’ profits beyond 30 September 2021
Credit Institution Banks ECB Recommendation Profit distribution
Press release 27 July 2021
FIN-FSA decides not to extend its recommendation on distribution of credit institutions’ profits beyond 30 September 2021
Bank Credit institution Dividend distribution ECB FIN-FSA Press release Recommendation
Press release 29 June 2021
Macroprudential decision: Housing loan cap for residential mortgage loans other than first-home loans to be set at 85%
Loan cap Countercyclical capital buffer O-SII
News release 11 June 2021
Unemployment funds 2020: earnings-related daily allowance expenditure and number of daily allowance beneficiaries increased considerably, and application processing times lengthened
Unemployment fund Unemployment insurance Daily allowance
Press release 16 March 2021
Finnish financial sector remained stable in 2020 - Risks in the operating environment mean continued uncertainty in the sector
Banking sector Financial sector FIN-FSA Life insurance Non-life insurance Pension sector Press release Solvency
News release 16 March 2021
FIN-FSA Annual Report 2020: Coronavirus pandemic changed the course of the year
Annual Report Board’s report to the Parliamentary Supervisory Council
Supervision release 17 February 2021
Amendments to FIN-FSA Regulations and guidelines Common European Reporting (COREP) and Regulations and guidelines related to the Capital Requirements Regulation
COREP Regulations and Guidelines Capital requirement
Supervision release 28 January 2021
Updated EBA Guidelines on general loan payment moratoria applied in the light of the COVID-19 crisis incorporated into FIN-FSA’s set of regulations and guidelines
EBA Regulations and Guidelines loan payment general loan payment moratoria
Supervision release 21 December 2020
FIN-FSA’s findings from supervision of non-life and life insurance companies in 2020
life insurance Non-life insurance
Supervision release 18 December 2020
New recommendation by FIN-FSA on distribution of credit institutions’ profits
Credit Institution Bank Dividend distribution Recommendation ECB
Press release 18 December 2020
New recommendation by FIN-FSA on distribution of credit institutions’ profits
credit institutions FIN-FSA Press release Profit distribution
Press release 18 December 2020
Macroprudential decision: Uncertain economic outlook continues, housing loan cap and banks’ additional capital requirements remain unchanged
Countercyclical capital buffer FIN-FSA Loan cap Macroprudential decision Press release
Press release 9 December 2020
Financial sector’s capital position as at 30 September 2020: Finnish financial sector's capital position strengthened slightly as economy recovered – impacts of the coronavirus pandemic will become evident with a lag, however
banks FIN-FSA Life insurance companies Non-life insurance companies Pension insurance companies Press release
Press release 4 December 2020
Financial Supervisory Authority survey: Digitalisation of basic banking services is continuing strongly – banks, however, must continue to take all customer groups into account in provision of services
FIN-FSA Basic banking services Digitalisation
Supervision release 30 November 2020
FIN-FSA letter to the Ministry of Social Affairs and Health on conditions in the financial markets
Työeläkelaitos Työeläke Vakavaraisuus Eläkesäätiöt Eläkekassat
Press release 30 September 2020
Macroprudential decision: Countercyclical capital buffer requirement and housing loan cap remain unchanged, credit institutions’ risk weight floor discontinued
Risk weight floor Loan cap Countercyclical capital buffer Decision Macroprudential
Supervision release 29 September 2020
EBA issued Guidelines on the pragmatic 2020 supervisory review and evaluation process in light of the COVID-19 crisis
EBA pragmatic supervisory review and evaluation process
News release 21 September 2020
Reporting threshold for net short positions remains at 0.1%
ESMA Net short positions
Press release 15 September 2020
Finnish financial sector has so far withstood the effects of the coronavirus pandemic well - operating environment remains uncertain, however
Unemployment funds Solvency Financial sector Banking sector Pension sector Life insurance Non-life insurance FIN-FSA Press release
Supervision release 20 August 2020
Updated EBA Guidelines on legislative and non-legislative moratoria on loan repayments applied in the light of the COVID-19 crisis incorporated into FIN-FSA’s set of regulations and guidelines
EBA regulation and guidelines loan repayment
Supervision release 29 July 2020
Financial Supervisory Authority extends the validity of its profit distribution recommendation until 1 January 2021 and clarifies expectations related to capital and liquidity buffers
Credit Institution Banks ECB Recommendation profit distribution
Press release 29 July 2020
Financial Supervisory Authority extends the validity of its profit distribution recommendation until 1 January 2021 and clarifies expectations related to capital and liquidity buffers
Profit distribution Liquidity buffer Capital buffer
Reporting release 23 July 2020
EBA has published an amended implementing technical standard (ITS) for credit institutions – Covid19-demo workbooks have published | EBA
EBA covid-19 Reporting Corona coronavirus
News release 22 July 2020
ESMA issues public statement on amendment to IFRS 16 Leases
ESMA IFRS 16
News release 3 July 2020
Reporting threshold for net short positions remains at 0.1%
ESMA Net short positions
Reporting release 30 June 2020
Solvency II validations have been changed for life and non-life insurance reporting | EIOPA
eiopa reporting corona coronavirus covid-19
Supervision release 29 June 2020
EBA extends the deadline for the application of its Guidelines on payment moratoria in the light of the COVID-19 crisis
eba guidelines payment accounts
Press release 29 June 2020
Macroprudential decision: Residential mortgage loan cap to be relaxed, countercyclical capital buffer rate remains unchanged at 0.0 percent
Countercyclical capital buffer Residential mortgage loan cap Macroprudential decision
Supervision release 25 June 2020
EBA Guidelines on additional reporting and disclosure requirements in the context of COVID-19
eba additional reporting disclosure requirements
Supervision release 25 June 2020
EBA Guidelines on general moratoria on loan repayments applied in the light of the COVID-19 crisis incorporated into the FIN-FSA’s set of regulations and guidelines
eba loan repayment Regulations and guidelines
Supervision release 7 May 2020
Loan payment restructuring events in the fallout of the COVID-19 pandemic
credit institutions Credit Risk granting of grace periods
Supervision release 5 May 2020
EBA measures to mitigate the impacts of the COVID-19 pandemic
eba guidelines
Supervision release 23 April 2020
Coronavirus pandemic increases new criminal earning opportunities
eba fatf money laundering and terrorist financing attempted shams and frauds
Press release 20 April 2020
Credit institutions’ additional capital requirements to ease in accordance with FIN-FSA Board’s preliminary decision
O-SII Systemic risk buffer Capital requirement Macroprudential decision Press release
Reporting release 16 April 2020
Solvency II DPM 2.4.0 validations have been temporarily changed for life and non-life insurance reporting | EIOPA
eiopa Reporting Corona Coronavirus covid-19
Reporting release 15 April 2020
Reporting schedules for credit institutions: change to leeway | EBA National reporting (Virati)
eba virati Reporting Corona Coronavirus covid-19
Supervision release 6 April 2020
Decision of the Board of the Financial Supervisory Authority on lowering the additional capital requirements for credit institutions
O-SII Systemic risk buffer Capital requirement Macroprudential decision
Supervision release 6 April 2020
FIN-FSA issues recommendation to insurance companies to refrain from dividend distributions and payment of large amounts of variable remuneration
non-life and life insurance companies profit distribution
Supervision release 6 April 2020
EBA Guidelines on legislative and non-legislative moratoria on loan repayments applied in the light of the COVID-19 crisis
eba legislative and non-legislative moratoria loan repayment
News release 1 April 2020
ESMA has issued a Public Statement on the application of IFRS 9 in the exceptional circumstances caused by the pandemic
ESMA IFRS 9 Public Statement
Reporting release 1 April 2020
Additional time for reporting by investment firms, fund management companies and AIF Managers | EBA National reporting (Virati)
eba virati reporting Corona Coronavirus covid-19
Reporting release 1 April 2020
Additional time for reporting by credit institutions | EBA National reporting (Virati)
virati EBA reporting release Corona Coronavirus covid-19
Supervision release 1 April 2020
Additional time for reporting of e-commerce card-based transaction statistics
eba strong customer authentication e-commerce card-based payment
Supervision release 30 March 2020
Financial Supervisory Authority refines recommendation on refraining from dividend distributions
dividend distribution coronavirus credit institutions
Supervision release 30 March 2020
FIN-FSA issues recommendation to supervised banks to refrain from dividend distributions - yesterday evening the ECB published a corresponding recommendation to banks under its direct supervision
ECB Dividend distribution Recommendation Credit institution Bank
Press release 30 March 2020
FIN-FSA issues recommendation to supervised banks to refrain from dividend distributions - yesterday evening the ECB published a corresponding recommendation to banks under its direct supervision
Bank Credit institution Recommendation Dividend distribution ECB
News release 27 March 2020
ESMA has issued a Public Statement on the implications of the COVID-19 pandemic on the deadlines for publishing financial reports which apply to listed issuers under the Transparency Directive
Supervision release 27 March 2020
EBA and ESMA to clarify the prudential framework, IFRS 9 and consumer protection due to the coronavirus epidemic
EBA esma IFRS 9 prudential framework consumer protection coronavirus
Reporting release 26 March 2020
Extension of time for reporting by non-life and life insurance companies | EIOPA
Vakra EIOPA Report Solvency II Coronavirus Corona covid-19
Supervision release 26 March 2020
Supervised entities reasonably well-prepared for the pandemic
pandemic teleworking fraud attempt
News release 25 March 2020
Coronavirus has mobilised fraudsters – watch out for phishing attempts!
Consumer Consumer protection Security
Supervision release 24 March 2020
Extension of time for reporting by non-life and life insurance companies to minimise the impacts of the coronavirus situation
non-life and life insurance companies reporting Pandemic
Press release 20 March 2020
European Central Bank elaborated on its guidance on regulatory flexibility – FIN-FSA: All measures must be channelled to alleviating the impacts of the pandemic
financing European Central Bank coronavirus press release
Press release 17 March 2020
Macroprudential decision: FIN-FSA Board lowers credit institutions’ capital requirements
Capital requirement Systemic risk buffer Macroprudential decision O-SII G-SII/B
Press release 17 March 2020
Financial sector solvency provides buffer to face economic problems caused by coronavirus
Life insurance Non-life insurance Pension sector Solvency Banking sector Financial sector
Press release 16 March 2020
Decision of the European Securities and Markets Authority: smaller short positions than before must be reported to national supervisors
coronavirus reporting short positions ESMA Press release
Press release 16 March 2020
Financial Supervisory Authority enhances monitoring of financial sector
Press release 13 March 2020
FIN-FSA notification to the Ministry of Social Affairs and Health on exceptional circumstances in the financial markets
employee pension institutions Press release
Press release 13 March 2020
Banks provided flexibility in additional capital requirements to ensure continuity of operations in response to coronavirus (COVID-19)
press release
Press release 13 March 2020
Corona virus contingency planning at the Financial Supervisory Authority
Press release FIN-FSA