This can be ensured via a dual mechanism which allows for the substitution of loans granted to the fund by the purchasing of an equivalent amount of bonds issued by contributing credit institutions. At the global level, the Cross-border Bank Resolution Group of the BCBS issued last March ten recommendations for addressing the challenges posed by cross-border bank resolution.
We are the fourth oldest central bank operating today. Only the Swedish Riksbank, the Bank of England, and Banque de France are older. The Bank of Finland is also more than 100 years older than Finland’s political independence, which was achieved only in 1917.