Finland
Liikanen may bid for governorship of Finland cb
Erkki Liikanen, the European Commissioner for Enterprise and the Information Society, says that he is considering applying for the post of Governor of the Bank of Finland.
Matti Vanhala to retire on disability pension
The Bank of Finland announced on Thursday 11 March that Governor Matti Vanhala will retire from 1 April. Deputy Governor Matti Louekoski will assume his responsibilities until a replacement is found.
Finland central bank bill withdrawn
A controversial bill that would have given the Finnish government the right to grab central bank funds has been withdrawn.
Finland versus the ECB (continued)
Despite a climb down by the Finnish finance ministry on a move to seize almost €750m of Suomen Pankki's capital, the ECB is still far from happy with the ministry's final proposal for a new Bank of Finland act. It argues that the proposal still…
Finland's Matti Vanhala on sick leave
Governor of the Bank of Finland Matti Vanhala had some bad luck while staying at his holiday home in the archipelago recently. Vanhala broke his thigh and needed an operation which, the bank said, will keep him at home until after Christmas.
Finnish gov't approves central bank Board plan
Finland's government approved a measure on Thursday 13 November, according to Helsingin Sanomat, that would see responsibility for the appointment of members to the Board of the Bank of Finland shift to the Parliamentary Supervisory Council.
Bank of Finland capital base plan withdrawn
Finland's second Minister of Finance Ulla-Maj Wideroos has withdrawn a proposal she made that the Bank of Finland's capital base should be transferred to the government to repay state debts, according to a report by Helsingin Sanomat. The new proposal…
Finland proposes changes to ECB voting model
Finland has proposed a change to the ECB voting system that will be employed once the union expands next year, according to Helsingin Sanomat. The new system was agreed upon only last spring. In Finland's proposal, 15 members of the ECB Governing Council…
ECB rejects plan to cut Finland's capital base
In a statement issued on Thursday 16 October, the European Central Bank rejected the proposal to decrease the Bank of Finland's capital base by some 700 million euros, according to Reuters, and the proposal to transfer all the central bank's profits to…
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…
EU lacks imagination: Bank of Finland
The Bank of Finland has blamed a lack of confidence and imagination in the economic polices by single currency countries for the weak growth in the euro zone, reports AFP.
Nordic central banks conclude MoU memorandum
The Governors of the central banks of Denmark, Finland, Iceland, Norway and Sweden signed a Memorandum of Understanding (MoU) on financial crisis management at their meeting of 11 June in Iceland.
Bank of Finland to cease Baltic monitoring
The Bank of Finland will end its monitoring of the Baltic states from next year, the Baltic News Service reports. The bank said the states have in a way reached a watershed and at a certain point the transition is regarded as complete.
Bank of Finland - Annual Report 2002
The Bank of Finland has published its Annual Report for the year ended 2002.
Finnish central bank governor on medical leave
The governor of Finland's central bank Matti Vanhala will be on leave from the Bank until June. Mr Vanhala will be undergoing an operation.
Bank of Finland Discussion Paper
RESEARCH - Central bank spending on the operation of inter-bank funds transfer systems may range from below one million to nearly a billion US dollars annually. The paper "Payment systems efficiency, policy approaches, and the role of the central bank"…
Finland opposes changes to ECB voting system
Planned changes to the voting system of the European Central Bank may be delayed due to opposition from Finland.
Austria's Tumpel-Gugerell tipped for ECB post
A report said the Austrian government is expected to officially submit Austrian central bank vice-governor Gertrude Tumpel-Gugerell's name in the next few days as the country's candidate to succeed Finland's Sirkka Hamalainen on the ECB's Executive Board.
ECB plans for reform may run into problems
Plans to reform the European Central Bank, including cutting the voting power of smaller European Union member states, are expected to run into trouble this week. Some Finnish MPs claim Paavo Lipponen, their prime minister, assured them that the Bank of…
Prime Minister responds to Finland's Vanhala
FINLAND - Prime Minister Paavo Lipponen (Soc. Dem.) has responded to recent criticism of Finland's incomes agreement policy voiced by Matti Vanhala, Governor of the Bank of Finland.
'Recovery may be slower' - ECB's Vanhala
GERMANY - European Central Bank (ECB) governing council member Matti Vanhala said Monday that the euro-zone economic recovery may be slower than expected, but an ECB rate cut was unlikely to boost demand significantly.
ECB leader Sirkka Hamalainen criticises banks
FINLAND - Sirkka Hamalainen, a member of the Executive Board of the European Central Bank and the former Governor of the Bank of Finland, criticised banks and national authorities in the euro zone for hindering integration in financial markets.
Bank of Finland - Annual Report 2001
ANNUAL REPORT - The Bank of Finland has published its Annual Report for the year ended 2001.
Old markka notes shredded and sent to garbage dump
FINLAND - Billions of Finnish markka are currently being shredded under tight security conditions at the Bank of Finland. The final resting place of the former currency is in a garbage dump.