Board

As laid down in the Finnish Constitution, the Bank of Finland operates under the guarantee and supervision of Parliament. The Bank's operations are supervised by the nine-member Parliamentary Supervisory Council, appointed by Parliament. The Bank's executive is its Board, composed of the chairman – the Governor – and a maximum of five other Board members.

The Governor is appointed by the President of the Republic upon the recommendation of the Parliamentary Supervisory Council, while the other members of the board are appointed directly by the Parliamentary Supervisory Council. The eligibility criteria for a member of the Board are a higher academic degree appropriate for the position, conversance with the monetary economy or financial operations and proven management skills and experience.

The office of Governor of the Bank is for a seven-year term. Other members of the Board have five-year terms. The same person may be selected as an ordinary Board member for a maximum of three terms. Governors may be selected for two terms, even if they have previously served as a member of the Board.

The Governor is a member of the Governing Council of the European Central Bank, and is therefore a party to decisions on the monetary policy of the euro area.

Members of the board

The present Board has three members. The Governor of the Bank of Finland is Olli Rehn. Marja Nykänen is Deputy Governor and Tuomas Välimäki is Member of the Board.

Latest speeches and interviews

Speech |

27 May 2026
| Tuomas Välimäki

Geopolitical uncertainty and the future of payments

Over the past decades, the development of payments has been a success story of efficiency and digitalisation. In a geopolitically uncertain world, however, this is no longer enough. In payments, too, we need resilience, alternatives, and sufficient autonomy, said Member of the Board Tuomas Välimäki in his opening speech at the Bank of Finland's Payments Forum, Maksufoorumi, on 27 May 2026.
Speech |

22 Apr 2026
| Olli Rehn

A European safe asset: From crisis pragmatism to strategic necessity

Governor Olli Rehn, First Vice-Chair of the European Systemic Risk Board, gave a welcome address at the High-level ESRB workshop on European safe assets in Frankfurt on 22 April 2026.
Speech |

16 Apr 2026
| Olli Rehn

Speech by Olli Rehn: Geopolitical turmoil and the Eurozone

Governor Olli Rehn gave a speech on geopolitical turmoil and the eurozone at the Washington Economic Festival: Global Macro Sessions, organized by Reinventing Bretton Woods Committee, in Washington DC on 16 April 2026.
Speech |

25 Mar 2026
| Olli Rehn

Governor Olli Rehn: How to navigate geopolitical turmoil in central banking? A European perspective

With the right policies and a long-term perspective, Europe can turn today’s challenges into tomorrow’s opportunities. Rest assured, monetary policy will do its part, said Governor Olli Rehn in his speech at the ECB and Its Watchers conference organised by the Institute for Monetary and Financial Stability.
Speech |

16 Jan 2026
| Olli Rehn

Speech by Olli Rehn at the hearing of the ECON committee of the European Parliament

Governor Olli Rehn gave a speech to the European Parliament’s Committee on Economic and Monetary Affairs during an informal exchange of views with the candidates for the position of ECB Vice-President on 14 January 2026.