Regulatory Alerts2012-01-01 | FIN-FSA Regulations and guidelines 7/2012Reporting of mortgage bank operations
The Finnish Financial Supervisory Authority (Finanssivalvonta) issued a feedback memorandum regarding the revision of reporting requirements for mortgage banks following the entry into force of the new Act on Mortgage Credit Banks and Covered Bonds. The document details responses to comments from the Ministry of Finance, the Bank of Finland, and the Finnish Financial Industry Federation, addressing the separation of reporting for old and new legal regimes, collateral pool definitions, and specific calculation methodologies. Key decisions include maintaining a unified reporting framework with distinct tabs for different laws, adopting cell-based calculations for collateral ratios, and deferring the introduction of LTV distribution reporting to a future regulatory update.