The Bank of Finland manages its financial assets in accordance with its central bank objectives while remaining mindful of the risks and social responsibility aspects inherent in its investment activities. The Bank of Finland also actively engages in the public debate on raising social responsibility within the financial markets and in the investment activities of central banks. The Bank of Finland is a member of the Network for Greening the Financial System (NGFS), a network of central banks and supervisors dedicated to the analysis and promotion of green finance.
The Board of the Bank of Finland decides on the amount of the Bank’s financial assets in accordance with within the Agreement on Net Financial Assets, ANFA between the Eurosystem central banks. In addition, the Board takes a decision on the Bank’s investment policy each year. For a detailed breakdown of the Bank of Finland’s financial assets, please see the Bank's Annual Report.
The Bank of Finland's financial asset risks consist of market, credit and liquidity risks as well as operational risks involved in investment activity. The limits set for investment risk ensure prudent management of the Bank's financial assets.
The Bank of Finland manages part of the ECB's foreign reserves together with the Estonian central bank. Management of the foreign reserves of the ECB has been distributed among the Eurosystem national central banks according to their respective capital keys. In the management of the ECB’s foreign reserves, the emphasis is on security and liquidity, as the key purpose of the reserves is to ensure the availability of sufficient resources for the Eurosystem’s potential foreign exchange interventions (for further information on the management of the ECB's foreign reserves, please see the ECB’s Annual Report.