The mission of the Financial Stability Authority is to protect taxpayers from the costs of banking crises. The Authority is a vantage point to the international financial sector, the EU's banking union and modern Finnish public administration.
Financial Stability Authority
* is responsible for resolution planning concerning credit institutions, investment firms and the central securities depository
* acts as the authority responsible for deposit guarantee
* maintains a National Emergency Account System
* manages the Financial Stability Fund
* participates in the preparation of domestic legislation
* is part of the EU's Single Resolution Mechanism
* develops the deposit guarantee scheme and resolution framework as part of the European cooperation network
* decides whether a failing institution is placed under resolution and applies the necessary resolution tools to an institution under resolution.
The Financial Stability Authority attends to demanding and diverse expert tasks. Job descriptions vary but involve planning and analysis within the Authority's area of responsibility, international cooperation as well as steering and engagement.
The majority of the FFSA’s experts have completed a master’s level degree. The most common educational backgrounds are academic degrees in Economics, Law and Social Studies. The Authority has premises in the Kalasatama area in Helsinki, employing about thirty experts with diverse job descriptions.
The Financial Stability Authority develops its operation actively by focusing on the expertise and wellbeing of its personnel. Learn more about the FFSA’s values and the Authority as a workplace on the FFSA website: Careers at the Financial Stability Authority
