Responsibilities under the everyday payments backup system] The preparatory work undertaken in the early part of the year covered both the technical aspects of the systems and the necessary legislative changes. New legislation entered into force on 11 July 2022. It imposes a duty on the Financial Stability Authority to maintain the new National Emergency Account System.
Responsibility for maintaining the National Emergency Interbank Payment Scheme rests with the Bank of Finland. Credit institutions and also significant Finland-based branches of foreign banks have a statutory obligation to be able to operate these backup systems continuously. [Slide 20.