Financial market report 2/2013
(04.11.2013)
Numero
2/2013Julkaisija
Bank of Finland
2013
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201408075130Tiivistelmä
1 Financial intermediation 4
1.1 Banks' role in financing Finnish companies has diminished 4
1.2 Housing corporation loans from MFIs increasing strongly 7
2 Banks and insurance companies 10
2.1 Banks' non-performing loans increase in the euro area, decrease in the United States 10
2.2 Bank's position relative to other banks explains contagion in the European money markets 12
3 Securities markets 13
3.1 SEU's CSD Regulation strengthens the single market and improves the rules for securities settlement 13
3.2 Stock of bonds issued by Finnish enterprises growing at a rapid pace 15
3.3 Bond and money market funds maintain their position in the investment fund markets 17
4 Infrastructure 19
4.1 Several euro area countries already limit large cash payments 19
4.2 Contactless payment is changing the way we make card payments 22
5 Key regulatory and supervisory initiatives 23
5.1 Single Resolution Mechanism will protect taxpayers from costs of banking crises 23
5.2 Many European countries impose restrictions on banks' housing lending 25
5.2.1 The legislative basis for the use of macroprudential tools 25
5.2.2 New tools for the regulation of capital adequacy 26
5.2.3 Use of instruments that influence housing lending 27
5.2.4 Liquidity requirements 28
1.1 Banks' role in financing Finnish companies has diminished 4
1.2 Housing corporation loans from MFIs increasing strongly 7
2 Banks and insurance companies 10
2.1 Banks' non-performing loans increase in the euro area, decrease in the United States 10
2.2 Bank's position relative to other banks explains contagion in the European money markets 12
3 Securities markets 13
3.1 SEU's CSD Regulation strengthens the single market and improves the rules for securities settlement 13
3.2 Stock of bonds issued by Finnish enterprises growing at a rapid pace 15
3.3 Bond and money market funds maintain their position in the investment fund markets 17
4 Infrastructure 19
4.1 Several euro area countries already limit large cash payments 19
4.2 Contactless payment is changing the way we make card payments 22
5 Key regulatory and supervisory initiatives 23
5.1 Single Resolution Mechanism will protect taxpayers from costs of banking crises 23
5.2 Many European countries impose restrictions on banks' housing lending 25
5.2.1 The legislative basis for the use of macroprudential tools 25
5.2.2 New tools for the regulation of capital adequacy 26
5.2.3 Use of instruments that influence housing lending 27
5.2.4 Liquidity requirements 28