Operating environment and financial position 

We monitor developments in the profitability and capital adequacy of credit institutions and investment firms on the basis of information submitted by supervised entities. The information on balance sheets, income statements and capital adequacy is provided to the supervisor in electronic form in compliance with a reporting framework developed by the former Financial Supervision Authority, the Bank of Finland and Statistics Finland for official reporting by supervised entities.

Credit institutions and investment firms are required to provide regular reports on their balance sheets and financial results. As well as individual supervised entities, this obligation concerns their groups and consolidation groups, the amalgamation of cooperative banks and foreign credit institutions’ branches based in Finland. The requisite information is more detailed than financial statements published in annual reports. Credit institutions and investment firms also need to provide the supervisor with disclosures of their capital adequacy under the Credit Institutions Act. Information needs to be submitted, besides own funds, also on market risks, receivables and other asset items.

Fund management companies and mutual funds are required to submit their financial statements to FIN-FSA in accordance with the Mutual Funds Act. Mutual funds also need to deliver financial information during the accounting year and report monthly on their investments for the purpose of supervision of investment limits and policies. Information on mutual funds is published on a monthly basis on our website.

26 June 2009