Sisällysluettelo : Bank of Finland. Financial market report

Abstract

1 Financial intermediation 3 1.1 Robust demand for consumer credit 3 2 Banks 6 2.1 Banks' results boosted by rapid growth of lending stock 6 2.2 Introduction of IFRS in Finland 8 2.3 Equity investment account for one-third of employee pension insurers' investments 11 3 Securities markets 13 3.1 No clear direction on the stock markets 13 3.2 Bond investors are losing their appetite for risk 14 3.3 Euro area mutual funds continued to grow in 2004 15 3.4 Central banks' survey of foreign exchange and derivatives market activity in 2004 17 4 Infrastructure 22 4.1 Finns utilise modern payment technology 22 4.2 EU decision on regulation of securities processing likely in early 2006 some basic issues may remain open for years 24 4.3 Several reasons behind the consolidation of marketplaces examples from European and American markets 26 5 Key corporate arrangements and events in the financial sector6