Annual report 2020

Year 2020 in figures 3
Director General’s review 4
Summary of FIN-FSA’s activities in 2020 9
State of financial markets 10
Supervision responsive to changing operating environment 16
Themes of 2020 24
Fast decisions supported banks’ resilient operation
in exceptional circumstances 26
Unemployment funds coped through coronavirus pandemic despite
record growth in number of applications and claims expenses 30
Digital finance gaining ground – European Commission strategy
to accelerate development 33
Risk-based approach is a cornerstone of anti-money laundering
and countering terrorist financing 36
Suspicions of market manipulation and abuse of inside information
are detected and investigated increasingly effectively 39
Management and personnel 42
Board 43
Management Group 45
Financial Supervisory Authority in brief 47
Strategy of the Financial Supervisory Authority (FIN-FSA) 2020−2022 49
Appendices
Total number of supervised and other fee-paying entities 50
Expenses and funding 51
Set supervision fees 52
Processing fees 53
Case management 54
Unless otherwise indicated, all texts refer to the year under review 2020