Sisällysluettelo : Bank of Finland. Financial market report

Abstract

1 Financial intermediation 4 1.1 Current developments in loans for house purchase 4 1.2 Financial innovations in the current decade focus on credit risk transfer 6 2 Banks and insurance corporations 8 2.1 Strong first half of 2007 for domestic banks 8 2.2 Nordic financial groups' results were good in the first half of 2007 10 2.3 Insurance corporations' profitability and solvency good in the first part of 2007 11 3 Securities markets 13 3.1 Exceptionally large withdrawals shrank fund assets in August 13 3.2 US subprime mortgages cause disturbances in the European financial markets 14 3.3 A busy week at the stock exchanges as structural changes continue 16 4 Infrastructure 18 4.1 Code of Conduct on securities trading enters second phase 18 4.2 Payment habits under pressure to change 20 4.3 Countdown to TARGET2 has begun Finland to join in February 2008 21 5 Key regulatory and supervisory initiatives 23 5.1 Financial Supervision Authority and Insurance Supervisory Authority to merge 23 5.2 MiFID takes effect at the start of November 24 5.3 Other key projects in financial market legislation 25 6 Key corporate arrangements and events in the financial sector 27