Bank of Finland rejects plan to lower capital base

Plans by the second Minister of Finance Ulla-Maj Wideroos to reduce the size of the Bank of Finland's capital base to 100 million euros in future have been criticised by central bank Governor Matti Vanhala, who said it would weaken the Bank's balance sheet.

Source: Helsingin Sanomat

Top officials of the Finnish central bank, including Governor Matti Vanhala, have roundly condemned the plans of second Minister of Finance Ulla-Maj Wideroos (Swedish People's Party) concerning the division of the c