Economic uncertainty and geopolitical tensions keep financial sector risks high in Finland

Despite challenging economic conditions, Finland's financial sector has shown resilience in the first half of 2024, with the banking and insurance sectors maintaining strong capital positions. However, rising geopolitical tensions and sluggish economic growth continue to pose significant risks, keeping the sector on alert for potential future shocks.

The Finnish Financial Supervisory Authority (FIN-FSA) highlighted these concerns in its latest report, noting that while there are early signs of economic recovery, risks related to global conflicts,