Annual report 2014

Foreword 7

Bank of Finland 8

Bank of Finland activities 2014 11
Monetary Policy 11
Financial system 26
Financial asset management 34
Banknotes and coins 41
Other operations 45

Management and personnel 56
Review of the strategy 56
Management system 58
Personnel 62
Budget and operative costs 64
Environment 67
Total risk exposure 69

Financial statements 73
Balance sheet 74
Profit and loss account 76
The Board’s proposal on the distribution of profit 77
Accounting conventions 78
Notes on the balance sheet 83
Notes on the profit and loss account 97
Appendices to the financial statements 103
Notes on risk management 107
Auditor’s report 112
Statement regarding the audit as defined in Article 27 of
the Statute of the European System of Central Banks and
the European Central Bank 113

Appendices 114
Monetary policy measures of the Eurosystem in 2014 114
Key measures affecting the financial markets in 2014 116
Main opinions issued by the Bank of Finland in 2014 120
Bank of Finland publications in 2014 122

Supplementary tables 125
Organisation of the Bank of Finland 140