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Kauppi: ECB’s comprehensive assesment sets the ball rolling on banking union

The bank health results published today shot the starting signal for the euro area banking union, says Piia-Noora Kauppi, Managing Director of the Federation of Finnish Financial Services.  The union is scheduled for launch on November 4th. The Comprehensive assessment conducted by the European Central Bank (ECB) confirms that Finnish banks are in good health. In late September, the Finnish Financial Supervisory Authority announced that the Finnish banking sector has strong capital adequacy. The sector’s profitability has improved despite the weak economic situation. 

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Federation of Finnish Financial Services

Bulevardi 28
FI-00120 Helsinki
FINLAND

What is FFI?

FFI is a trade body which represents financial
companies. Our objective is to secure a benign
operating environment, well-functioning financial
market and effective payment systems. We also
promote loss prevention in addition to social
welfare and safety.

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