Editorial : Stability is paramount – Resilience will remain essential going forward

Abstract

The resilience of Finland’s financial system has remained robust. This is no coincidence, but instead largely a result of the improvements made in financial regulation and supervision and the macroprudential policy measures taken. Resilience to risks must be ensured in the future too, and calls for reducing financial regulation must be treated with caution. The geopolitical situation, digitalisation and climate change are all exposing the financial system to new threats. Changes in financial regulation should take account of anticipated developments in the operating environment and in risks so that we are not simply fighting old crises.