Finland’s Watchdog Reports Banks’ Real Estate Risks Are Rising
09/12/2023 16:48
Finland’s financial institutions face a “high level” of risks stemming from an economic downturn, with the real estate market particularly fraught, the industry’s watchdog warned.
Finland’s financial institutions face a “high level” of risks stemming from an economic downturn, with the real estate market particularly fraught, the industry’s watchdog warned.
Still, a strong capital position protects lenders against such hazards in the weakening operating environment, the Financial Supervisory Authority said in a statement on Tuesday.
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Finland’s Watchdog Reports Banks’ Real Estate Risks Are Rising