Bank of Finland working on payments backup system

bank-of-finland
The Bank of Finland

Finland needs a “national back-up system” for its payment systems, which would become operational in “emergency situations”, a board member of the Bank of Finland argues.

In a recent blog post, Marja Nykänen writes it is imperative for payment and settlement systems to function under “all circumstances” to prevent the economy from becoming disrupted.

In a crisis, “Finland must possess the capability to maintain independent control over its critical infrastructures”, she says. 

Nykänen says th

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: