Finland’s payments must be ready for emergencies, governor says

Olli Rehn
Bank of Finland governor Olli Rhen
Photo: Bank of Finland/Karoliina Vuorenmäki

Bank of Finland governor Olli Rehn said the country’s financial sector should increase its efforts to make payments systems robust enough to deal with emergencies.

On May 25, the central bank set out four principles for preserving people’s access to electronic payments in “disruptive situations” like pandemics and wars. Rehn said that having access to a number of payments systems would help emergency management as well as bringing benefits in normal times.

The Bank of Finland said on May 25

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