Financial market report 1/2011
(04.03.2011)
Numero
1/2011Julkaisija
Bank of Finland
2011
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201408075159Tiivistelmä
1 Financial intermediation 3
1.1 The worst is over in corporate finance 3
2 Banks and insurance corporations 5
2.1 Finnish banks loan losses smaller than expected why? 5
2.2 European bank restructuring efforts aim at breaking the adverse feedback loop between sovereign risk and banking sector 8
2.3 Rising share prices boost employee pension insurers return on investment 12
3 Securities markets 14
3.1 Structural change in the value chain of domestic securities trading 14
4 Infrastructure 17
4.1 Finland leaping into the SEPA era 17
4.2 Slow progress in electronic invoicing in Finland 20
5 Key regulatory and supervisory initiatives 22
5.1 European Systemic Risk Board (ESRB) 22
5.2 Basel III and contingent capital instruments 23
1.1 The worst is over in corporate finance 3
2 Banks and insurance corporations 5
2.1 Finnish banks loan losses smaller than expected why? 5
2.2 European bank restructuring efforts aim at breaking the adverse feedback loop between sovereign risk and banking sector 8
2.3 Rising share prices boost employee pension insurers return on investment 12
3 Securities markets 14
3.1 Structural change in the value chain of domestic securities trading 14
4 Infrastructure 17
4.1 Finland leaping into the SEPA era 17
4.2 Slow progress in electronic invoicing in Finland 20
5 Key regulatory and supervisory initiatives 22
5.1 European Systemic Risk Board (ESRB) 22
5.2 Basel III and contingent capital instruments 23