Stick it to the scammers! Catch on to fraud before it catches you 💪 Nearly 70% of Finns have fallen victim to digital fraud or experienced a fraud attempt. We launched a campaign to raise public awareness and knowledge of scams and fraud. #huijaamaton finanssiala.fi/en/news/most-f…

We're delighted that the new Committee on Economic and Monetary Affairs will have several Finnish MEPs. ECON is one of the most important committees in financial sector policy. Eero Heinäluoma Aura Salla Jussi Saramo Katri Kulmuni Maria Ohisalo finanssiala.fi/en/news/financ…

It is vital that the rules for the carbon neutral transition do not restrict banks’ ability to finance companies that are still in the process of making their transition. These companies are abundant, writes Jussi Kettunen finanssiala.fi/en/columns/inc…

Finance Finland is opposed to the Government's proposed reform of work-based immigration rules. “They send the wrong signal to professionals considering a career in Finland. We need to attract skilled employees, not drive them out”, says Arno Ahosniemi finanssiala.fi/en/news/financ…

📌 Functional and secure payment methods and transactions are based on common standards, specifications and descriptions. 📌 Standardisation and certification enable increased competition without compromising interoperability, writes Kirsi Klepp finanssiala.fi/en/columns/sta…

Insurance companies in Finland have paid out an exceptionally high amount in damage claims to customers this year. They attribute the surge in claims to winter-related accidents and damage, the rising popularity of private health insurance and inflation. yle.fi/a/74-20109670

At the EU level, the most important lobbyists are the member states themselves. The most active ones mould legislation before regulation even begins to properly take shape. Finland, too, should be more substantial and proactive in influencing decisions. finanssiala.fi/en/columns/you…

💸 Between January and June 2024, banks were able to block and refund payments to scammers for €18.2 million. 💸 Customers still lost a total of €27.5 million. 💸 The total value of scams increased by 28.2% from 2023, totalling €45.7 million in the six-month period.

According to economic forecasts published after 10 Sep 2024, the contraction of the Finnish economy will be slower in 2024 than in the previous year, and the economy will take a slight upward turn in 2025. finanssiala.fi/en/news/econom…

The FASTER Directive's objectives of streamlining withholding tax relief and preventing its abuse are supportable. But without adequate harmonisation, there is the risk that the final framework gets complex, administratively cumbersome and fragmented. finanssiala.fi/en/news/work-o…

Nordic financial sector companies’ profits are already subject to a tax burden much higher than the 15% minimum tax rate. Permanent safe harbour rules are direly needed. Corporate groups must be able to prove their tax burden without costly calculations. finanssiala.fi/en/news/global…

To improve European competitiveness and find solutions to issues such as climate change, it is essential to control the regulatory machine and trim overlaps. Good solutions are rarely found by layering new regulation on top of the old, says Mari Pekonen-Ranta finanssiala.fi/en/news/direct…

We hope EU legislators will be able to look at the big picture and come up with solutions that will actually help prevent fraud instead of trying to shift an even larger part of the financial responsibility to banks, writes Teija Kaarlela 🇺🇦 #paymentsecurity finanssiala.fi/en/columns/is-…

We want EU policymakers to keep in mind that effective investor protection does not require heavy regulation: simpler requirements can be more efficient in encouraging European consumers to invest their savings. finanssiala.fi/en/columns/cmu…

The Finnish financial sector is a major taxpayer. The sector's 2023 tax handprint would cover Finland's military expenditure. Financial sector companies paid €1.3bn in corporate income tax. The sector’s total tax handprint grew from €5.1bn to €5.6bn. finanssiala.fi/en/news/income…

The European digital identity wallet allows users to easily manage their digital identity and store and share digital documents. The wallet needs more meat to the bones and fast, writes Peter Jansson Read more: finanssiala.fi/en/columns/an-…

Increasing the financing of the EU defence industry requires political will, high-level endorsement and long-term commitment from member states. Extending the EU taxonomy is not a useful workaround. finanssiala.fi/en/columns/whe…

The AI Act's goals are supportable from the financial sector’s viewpoint. But the amount of digital and data regulation adopted by the previous Commission and the ambiguity in the new regulation are problematic. It is imperative to get clarifying guidance. finanssiala.fi/en/columns/wil…

European financial sector associations issued a joint statement on the Retail Investment Strategy. As it now stands, the RIS does not support the Commission’s goals to boost competitiveness, promote retail investment and simplify regulatory frameworks. finanssiala.fi/en/news/europe…

The Commission needs to give #EFRAG a clear mandate to shift the focus of its work from the development of new sector-specific disclosure requirements to streamlining the existing sector-agnostic requirements and supporting companies in their application. finanssiala.fi/en/news/europe…