Banking operations
The Bank of Finland is the bankers' bank. It offers almost 20 credit institutions central banking services in the Finnish financial markets. Being part of the Eurosystem, the Bank of Finland is responsible for the redistribution of liquidity in the financial markets and the functioning of payment systems.
The Bank of Finland's banking operations also include the management of the Bank's own financial assets and the Bank's reserve assets held by the ECB.
The Bank of Finland is part of the Eurosystem. It implements ECB monetary policy in Finland by conducting the necessary monetary policy operations with its counterparties, which are the banks operating in Finland. The purpose of the Bank's monetary policy operations is to assist the banks in managing their liquidity. Banks may obtain overnight credit against collateral from the Bank or deposit excess funds with the Bank at the end of the business day. In addition, the Bank of Finland provides the banks with the systems services required for the transmission of interbank payments through the pan-European TARGET system.
The purpose of these pages is to provide brief descriptions of the Bank of Finland's services to the banking sector. Instructions on the services offered by the Bank in connection with monetary policy operations, collateral management and the TARGET system can be found in the Bank of Finland's rules for counterparties and account holders.