Financial market report 1/2010
(29.04.2010)
Numero
1/2010Julkaisija
Bank of Finland
2010
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201408075132Tiivistelmä
1 Financial intermediation 4
1.1 Subdued lending in euro area housing markets 4
1.2 Municipality Finance - expanding role in municipality funding 7
2 Banks and insurance corporations 9
2.1 Signs of a recovery in international banks' results but also risk of a prolonged crisis 9
2.2 Property risks of US, Irish and Spanish banks 12
2.3 Finnish banking profitable despite difficult operating environment 14
2.4 Rising asset prices have improved the solvency of the insurance sector 16
3 Securities markets 19
3.1 CDS markets criticised 19
3.2 Continued fragmentation in equities trading 21
4 Infrastructure 23
4.1 Remittances from abroad - significant income source for low-income earners in developing countries, a challenge for supervisors and legislators 23
4.2 SEPA credit transfer to replace domestic credit transfer - are you ready? 25
5 Key regulatory and supervisory initiatives 27
5.1 Tasks of the European Systemic Risk Board 27
5.2 Tighter regulations on banks' capital adequacy and liquidity 29
6 Key corporate arrangements and events in the financial sector 31
1.1 Subdued lending in euro area housing markets 4
1.2 Municipality Finance - expanding role in municipality funding 7
2 Banks and insurance corporations 9
2.1 Signs of a recovery in international banks' results but also risk of a prolonged crisis 9
2.2 Property risks of US, Irish and Spanish banks 12
2.3 Finnish banking profitable despite difficult operating environment 14
2.4 Rising asset prices have improved the solvency of the insurance sector 16
3 Securities markets 19
3.1 CDS markets criticised 19
3.2 Continued fragmentation in equities trading 21
4 Infrastructure 23
4.1 Remittances from abroad - significant income source for low-income earners in developing countries, a challenge for supervisors and legislators 23
4.2 SEPA credit transfer to replace domestic credit transfer - are you ready? 25
5 Key regulatory and supervisory initiatives 27
5.1 Tasks of the European Systemic Risk Board 27
5.2 Tighter regulations on banks' capital adequacy and liquidity 29
6 Key corporate arrangements and events in the financial sector 31