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Finnish pension funds are keeping heads above water despite deteriorating environment, says FSA

The Director General of Finland’s FSA Tero Kurenmaa also says that the local finance sector has enhanced its preparedness for an increase in cyber risks.

Tero Kurenmaa, Director General of the Financial Supervisory Authority. | Photo: Finanssivalvonta: Sami Perttilä.

Finnish pension institutions continue to have healthy solvency levels despite negative returns in the first half of this year, says the Financial Supervisory Authority (Finanssivalvonta) of Finland.

”Given the deteriorating operating environment, it is important that the financial sector is stable and risk management is sound,” says Director General Tero Kurenmaa in a fresh evaluation of the Finnish finance sector.

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