Supervision

The challenge for us as a supervisor is to identify, as early as possible, the problems encountered by the markets and supervised entities, in order to provide responses and take appropriate action in a timely and credible fashion. Supervision by the authorities supplements controls undertaken by supervised entities and markets themselves.

The supervised entity always bears first responsibility for its own operations. The purpose of supervision conducted by the authorities is to ensure that supervised entities are professionally managed and that they have adequate risk management systems in place and operate according to ethically and professionally qualitative business principles and practices.

Our supervisory work is guided by legislation governing the Financial Supervisory Authority (FIN-FSA), the supervisory strategy and information collected from supervised entities and their operating environment.

EBA, ESMA and EIOPA

At the beginning of 2011 the supervisory committees (CEBS, CESR and CEIOPS) were replaced by supervisory authorities (EBA, ESMA and EIOPA).

 

25 October 2011

Financial Supervisory Authority - Snellmaninkatu 6, P.O. Box 103, 00101 Helsinki - Tel. +358 9 183 51   kirjaamo(at)finanssivalvonta.fi  |  Disclaimer  |  About the site  
The Bank of Finland, it-tuki(at)bof.fi, is responsible for the technical functioning of the website.