This collection of rules comprises the key agreements, regulations and guidelines in respect of the Bank of Finland's counterparties and customers. The Bank of Finland may issue additional rules and guidelines that are not included in this collection.  Other regulations and decisions issued by the European Union and the European Central Bank are also binding on counterparties and customers.

The collection of rules is divided into three parts: 1) rules concerning monetary policy operations and collateral, 2) model agreements (for information) and 3) rules concerning the TARGET2-Suomen Pankki system. 

The Bank of Finland has the right to change its rules in the manner prescribed in agreements concluded between the Bank of Finland and its counterparties and customers. The changes are published by updating the rules in this collection.

For further information on this collection of rules, please contact Banking Operations at the Bank of Finland, tel. +358 9 183 2253

 

Rules on monetary policy operations and collateral

  1. Guideline (EU) 2015/510 of the European Central Bank of 19 December 2014 on the implementation of the Eurosystem monetary policy framework (recast) (ECB/2014/60). This Guideline and the following amendments thereto, points 1. - 6., are combined into an unofficial consolidated Guideline.

    1. Guideline (EU) 2015/732 of the European Central Bank of 16 April 2015 amending Guideline (EU) 2015/510 on the implementation of the Eurosystem monetary policy framework (ECB/2014/60), (ECB/2015/20)
    2. Guideline (EU) 2015/1938 of the European Central Bank of  27 August 2015 on amending Guideline (EU) 2015/510 on the implementation of the Eurosystem monetary policy framework (ECB/2015/27) and corrigendum to Guideline (EU) 2015/1938 of the ECB of 27 August 2015 amending the guideline (EU) 2015/510 of the ECB on the implementation of the Eurosystem monetary policy framework (OJ L 332, 18.12.2015, p. 158).
    3. Guideline (EU) 2016/64 of the European Central Bank on 18 November 2015 amending Guideline (EU) 2015/510 on the implementation the Eurosystem monetary policy framework (ECB/2015/34)
    4. Guideline (EU) 2016/2298 of the European Central Bank on 2 November 2016 amending Guideline (EU) 2015/510 on the implementation the Eurosystem monetary policy framework (ECB/2016/31)
    5. Guideline (EU) 2017/1362 of the European Central Bank on 18 May 2017 amending Guideline (EU) 2015/510 on the implementation the Eurosystem monetary policy framework (ECB/2017/12).
    6. Guideline (EU) 2018/XXX of the European Central Bank on 7 February 2018 amending Guideline (EU) 2015/510 on the implementation the Eurosystem monetary policy framework (ECB/2018/3).

       
  2. Guideline (EU) 2016/65 of the European Central Bank on 18 November 2015 on the valuation haircuts applied in the implementation of the Eurosystem monetary policy framework (ECB/2015/35)
    1. Guideline of the European Central Bank on 2 November 2016 amending Guideline (EU) 2016/65 on the valuation haircuts applied in the implementation of the Eurosystem monetary policy framework (ECB/2016/32)
    2. Guideline of the European Central Bank on 7 February 2018 amending Guideline (EU) 2016/65 on the valuation haircuts applied in the implementation of the Eurosystem monetary policy framework (ECB/2018/4)
  3. Guideline of the European Central Bank of 9 July 2014 on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral and amending Guideline ECB/2007/9 (recast) (ECB/2014/31)
    1. Guideline of the European Central Bank of 19 November 2014 amending Guideline ECB/2014/31 on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral and amending Guideline ECB/2007/9 (ECB/2014/46)
    2. Guideline of the European Central Bank of 7 February 2018 amending Guideline ECB/2014/31 on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral (ECB/2018/5

  4. Implementation of monetary policy operations and collateral management at the Bank of Finland 

 

Rules for TARGET2-Suomen Pankki

  1. Rules for TARGET2-Suomen Pankki
  2. Rules on the opening and operation of a Dedicated Cash Account in TARGET2-Suomen Pankki
  3. Rules on autocollateralisation operations
  4. Guideline of the European Central Bank of 5 December 2012 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) (recast) (ECB/2012/27)
    1. Guideline of the European Central Bank  of 26 September 2013 amending Guideline ECB/2012/27 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) (ECB/2013/37)
    2. Guideline of the European Central Bank of 5 June 2014 amending Guideline ECB/2012/27 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) (ECB/2014/25)
    3. Guideline of the European Central Bank of 2 April 2015 amending Guideline ECB/2012/27 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) (ECB/2015/15)
    4. Guideline of the European Central Bank of 16 March 2016 amending Guideline ECB/2012/27 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) (ECB/2016/6)

    5. Guideline of the European Central Bank of 22 September 2017  amending Guideline ECB/2012/27 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) (ECB/2017/28)

Model agreements (for information)