The Finnish real estate investment market is lively and large in proportion to the size of the economy, foreign investment and high valuations may expose the Finnish market to economic shocks from abroad. The risks may reflect on banking particularly via lending.
In retail banking, the two key services are the provision of credit and management of payment transfers. The revised Payment Services Directive (PSD2), which entered into force in Finland in January 2018 may revolutionise the operating environment for banks.
Reliable payment and settlement systems are basic requirements for maintaining financial stability and fostering economic activity. Financial services providers must ensure the safe holding and preservation of data in their possession and recovery from problem situations within a digital environment.