The Board consists of the Chairman and a maximum of five other members. The President of the Republic appoints the Chairman of the Board for a seven-year term. The other members of the Board are appointed by the Parliamentary Supervisory Council, each for a five-year term.
The Parliamentary Supervisory Council consists of nine members elected by Parliament. The members of the Parliamentary Supervisory Council elect a chairman and a deputy chairman from among themselves.
The members of the Parliamentary Supervisory Council are Matti Vanhanen (Chairman), Pentti Oinonen (Vice Chairman), Kalle Jokinen, Antti Kaikkonen, Seppo Kääriäinen, Jutta Urpilainen, Pia Viitanen, Ville Vähämäki and Ben Zyskowicz. Maritta Nieminen, LLM (trained on the bench), and Lauri Kajanoja, Ph.D., serve as secretaries to the Council.
The Bank of Finland has approximately 380 employees and seven departments. The number of personnel at the Financial Supervisory Authority is approximately 190. The Financial Supervisory Authority operates administratively in connection with the Bank of Finland, but in its supervisory work it takes its decisions independently. Of the Financial Supervisory Authority’s activities, 95% are funded by supervised entities, with the remaining 5% provided by the Bank of Finland.