Bank of Finland Bulletin: Bank of Finland articles on the economy 2/2016

No imminent threats in financial sector, but stability must be ensured 3
Stability of Finnish financial system cannot be taken for granted 6
What would Brexit mean for the financial markets? 21
Will digitalisation transform the financial sector too? 24
Low oil price reveals implications of carbon risk 28
Low interest rates place a strain on the banks 32
Banks concerned about profitability and the sustainability of their operating models 37
High housing debt increases risks to financial stability 43
Nordic financial sector vulnerable to housing market risks 53
Conversion of Nordea subsidiaries into branches – Nordic interconnectedness increases 63
Investment funds have grown significantly in Finland – do their operations involve stability risks? 66
How was liquidity transformation in investment funds measured? 73
Market infrastructures – the pillars of financial stability 77
Central counterparties can reduce, but also cause risks 81
Finland's neighbours rein in lending for house purchase 86
Reform of bank capital regulation enters final phase 91
New European Deposit Insurance Scheme to be introduced soon 97
Reform of insurance sector regulation 101

Bank of Finland Financial Stability Report