The Financial Stability Authority and Financial Stability Fund financial statements for 2025 published

In 2025, the FFSA achieved its and performance targets well. The FFSA accounted for the increased uncertainty in its operating environment. Risk levels in terms of both financial stability and security will remain high due to economic and geopolitical uncertainties.

The FFSA began implementing the “Prepared for all crises” strategy for 2025–2028. The strategy dictates that the FFSA will focus its development efforts on strengthening the preparedness and capacity of the FFSA, financial institutions and the Finnish society for different crises in the financial markets. 

Crisis management capability form the heart of operations 

In 2025, the FFSA implemented several development initiatives for reinforcing its crisis management capacity. As for resolution tools, the FFSA completed its development project on the practical implementation of sale of business tool. Thanks to this development project, the FFSA is deemed to have sufficient implementation capacity to support sale of bank’s business in resolution events. 

The further development of the deposit guarantee payment system and comprehensive testing for validating its functionality were conducted as planned. The FFSA planned and launched an development initiative for securing daily payments to ensure an uninterrupted service of the emergency supply account system and for developing its functionalities.

The focus of resolution planning shifted to validating bank-developed resolution capabilities. In addition, the FFSA released a comprehensive report on the resolution capabilities of banks covered by resolution planning. In the future, the report will be published on an annual basis. The 2025 FFSA report found that the resolution capabilities of banks improved compared to 2024, with no indications of material shortcomings in resolution capabilities. 

The pressures for financial market regulation changes meant that the resources of cooperation authorities were allocated to topics other than the development of crisis management capabilities. While both cooperation between the authorities and the exchange of information saw progress, further effort is still required to strengthen cooperation between the authorities.

Investment activities of the Financial Stability Fund established

The FFSA manages the Financial Stability Fund which is external to the State budget and consists of the Deposit Guarantee Fund and the National Resolution Fund. The purpose of the Deposit Guarantee Fund is to safeguard depositors’ assets in the event of bank insolvency, while the purpose of the National Resolution Fund is to cover the costs of any resolution action taken by Finnish investment service providers and the Finnish branches of non-EEA credit institutions. The FFSA prepares a separate financial statement for the Fund’s activities as dictated in law.

Funds have been accumulated since 2015 through deposit guarantee contributions collected from banks and stability fees collected from investment firms. The active investment activities of the Deposit Guarantee Fund, launched in March 2024, continued as planned in 2025.

At the end of 2025, the market value of the Deposit Guarantee Fund’s investments was EUR 992.5 million and the balance sheet value EUR 980.1 million. The investments consist exclusively of fixed-income investments denominated in euro, with a minimum credit rating of ‘A-‘. When choosing investment objects, particular attention is paid to their security and monetisation.

Ten years of single resolution

2025 was a year of strong operations. The FFSA continued its long-term work to prepare banks for crises. Personnel job satisfaction remained at a high level despite occasionally straining workload and uncertainties in the operating environment. 

2025 marked the 10-year anniversary of FFSA operations and the Single Resolution Mechanism of the EU Banking Union. The anniversary year provided an excellent opportunity to review the starting points of the activities, and the preparedness measures jointly developed with stakeholders for an effective response to financial market crises.

More information:
Jaakko Weuro, Director General, FFSA (jaakko.weuro(at)rvv.fi)

Find out more Financial Stability Authority’s financial statements and annual report for 2025 (in Finnish, pdf). 

Find out more Financial Stability Fund’s financial statements and annual report for 2025 (in Finnish, pdf).