Sisällysluettelo : Bank of Finland. Financial market report

Abstract

1 Financial intermediation 3 1.1 Expanding market for bonds issued by mortgage banks 3 1.2 Interest rate linkage of lending for house purchase 4 2 Banks and insurance corporations 7 2.1 Market developments strengthened banks' results 7 2.2 Improved conditions in the Japanese banking sector Chinese banks burdened by non-performing loans 9 3 Securities markets 11 3.1 Problems in the German real-estate fund market 11 3.2 Foreign ownership of Finnish shares has remained stable 12 4 Infrastructure 14 4.1 Visa Electron purchases grew by 64% last year 14 4.2 Bidding war for stock exchanges heats up 16 4.3 ECB and European Commission agree that SEPA must be forward-looking 17 4.4 Report by the European Commission: market for card payments still too domestically oriented 18 5 Key corporate arrangements and events in the financial sector 20