Preparing for resolution

The Finnish Financial Stability Authority (FFSA) prepares for banking crises by developing and maintaining its capability to act swiftly and effectively.

The FFSA invests in regular exercises, which are also conducted together with other authorities. These exercises simulate various crisis scenarios to test decision-making, information flow, and technical capabilities. This ensures that resolution plans are not just theoretical but can be implemented in practice. The FFSA also requires banks to test their own capabilities to support resolution.

The FFSA continuously updates and develops guidelines, processes, and materials related to crisis situations. This work is based on insights gained from simulations, international cooperation, and changes in legislation and the market environment. The goal is to ensure that all parties have an up-to-date and clear understanding of their roles and responsibilities in a crisis situation.