Sisällysluettelo : Bank of Finland. Financial market report

Abstract

1 Financial intermediation 4 1.1 Continued turbulence in financial markets 4 2 Banks and insurance corporations 7 2.1 Finnish banks' results deteriorated slightly towards the end of 2007 7 2.2 Nordic financial groups' results generally good in 2007 9 2.3 Banks' results weakened especially in the United States mixed results in Europe 11 2.4 Bond insurers face trouble 13 3 Securities markets 15 3.1 Fund investors nervous 15 3.2 MiFID transforms the markets more multilateral trading facilities than regulated markets 16 4 Infrastructure 19 4.1 Use of payment instruments changing in euro area countries 19 4.2 Finland connected to TARGET2 since February 2008 22 4.3 Payment infrastructure changes with SEPA 23 4.4 Finnish Central Securities Depository lowers prices 24 5 Key regulatory and supervisory initiatives 25 5.1 Financial and Insurance Supervisory Authority commences operations in 2009 25 6 Key corporate arrangements and events in the financial sector 271