Editorial : Resilience of borrowers, banks and payment systems must be strengthened

Abstract

The Russian invasion of Ukraine is causing an immeasurable amount of human suffering and destruction. The military actions will have extensive and long-term impacts on Finland’s and the world’s economy, politics and financial stability risks. In view of the uncertain operating environment and the structural vulnerabilities of the Finnish financial system, it is important to further strengthen the resilience of borrowers, banks and payment systems in Finland. More effective instruments are required to rein in the excessive indebtedness of Finnish households.