News from Bank of Finland
Governor Olli Rehn elected Vice-Chair of European Systemic Risk Board
Governor of the Bank of Finland Olli Rehn has been elected as First Vice-Chair of the European Systemic Risk Board (ESRB). He will replace former Governor of Sveriges Riksbank Stefan Ingves in this role. The ESRB is chaired by President of the European Central Bank Christine Lagarde.
“It’s an honour to be elected Vice-Chair of the European Systemic Risk Board. I do appreciate the demonstration of trust by my colleagues and I very much look forward to continuing the close cooperation with Christine Lagarde and the ESRB members. The turmoil seen in the banking sector over the past month and the fall in prices in real estate markets have shown how important it is to understand the origin of risks that threaten the functioning of the entire financial system and to seek to prevent them. The ESRB has a key role in ensuring that the spread of risks can be prevented in the future, too,” says Rehn.
The European Systemic Risk Board (ESRB) was established in 2010 following the global financial crisis. The ESRB, being responsible for the macroprudential oversight of the EU financial system, monitors the stability of the system and studies and assesses systemic risks. Where appropriate, the ESRB issues warnings and recommendations concerning measures to mitigate and control systemic risks and their impact.
Bank of Finland Governor to attend IMF Spring Meeting
The Governor of the Bank of Finland, Olli Rehn will participate in the International Monetary Fund’s Spring Meeting in Washington DC, on 13–14 April 2023. Governor Rehn represents Finland on the Fund’s Board of Governors.
During the week of the Spring Meetings, the IMF's International Monetary and Financial Committee (IMFC) as well as the Development Committee, a joint forum of the IMF and the World Bank, will convene for meetings.
The Bank of Finland will also be represented by Deputy Governor Marja Nykänen, Advisor to the Board Kimmo Virolainen, Head of Division Satu Kivinen and Senior Economist Anni Norring.
For further information, please contact Satu Kivinen, Head of Division, tel. +358 9 183 2329.
First, please LoginComment After ~