Browsing by Subject "tietotekniikka"

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  • Andersén, Atso; Hyytinen, Ari; Snellman, Jussi (2000)
    Suomen Pankin keskustelualoitteita 15/2000
    In this paper we discuss recent developments in the Finnish banking sector.Our specific aim is to examine whether and to what extent recent developments in Finland are broadly in line with the trends common to banking sectors in Europe and also worldwide. We focus on developments in banks' profit and loss accounts, balance sheets and the market structure of the banking sector.In addition, technological developments are surveyed.As regards consolidation, the Finnish banking sector is a trendsetter.The emphasis in structural development has moved to cross-border banking and bankassurance.On the other hand, it turns out that it is quite hard to track some of the trends that are believed to characterize European banking sectors using Finnish data.For instance, disintermediation has thus far been moderate in Finland, as the role of banks as providers of financing to households and companies is still significant and generally shows no signs of diminishing.Tougher competition in lending does not seem to have reduced Finnish banks' profitability, which was at a record high in 1999 and in the first half of 2000. The Finnish banks have fully recovered from the banking crisis of the early 1990s.Improved profitability is largely due to enhanced efficiency as well as recent favourable economic performance.The banking sector has experienced a rapid process of consolidation during the 1990s and currently banks are in the middle of a period of intensive launching of new technology-based products.It can be argued that as a result of developments in the 1990s, the Finnish banking sector is among the most profitable and efficient in Europe. Key words: Banks, financial system, stability
  • (1999)
    Euroopan keskuspankki. Kuukausikatsaus Lokakuu
    Pääkirjoitus 5 Euroalueen talouskehitys 7 Rahatalous ja rahoitusmarkkinat 7 Hintakehitys 17 Tuotanto, kysyntä ja työmarkkinat 20 Valuuttakurssit ja maksutase 27 Inflaatioerot rahaliitossa 35 EKPJ:n valmistautuminen vuoteen 2000 45 Euroalueen tilastot 1* Eurojärjestelmän rahapoliittiset toimenpiteet 51* Euroopan keskuspankin (EKP) julkaisuja 55*
  • Hella, Heikki; Sorsa, Maria (1999)
    Suomen Pankin tilasto-osaston työpapereita; Bank of Finland statistics department working papers 5/99
  • Malkamäki, Markku; Topi, Jukka (1999)
    Suomen Pankin keskustelualoitteita 21/1999
    A common feature of major trends in securities and derivative markets is that they facilitate cross-border competition between financial institutions and markets.These trends include financial deregulation, technological developments that increase network externalities and the introduction of the single currency in Europe.This paper discusses future prospects for stock and derivative exchanges and securities settlement systems globally in the light of this analytical framework.The increased contestability of the financial markets opens the way for a completely new situation where economies of scale and network effects enable new systems to challenge existing exchanges and settlement systems.This has already led towards more integrated trading and settlement infrastructure via mergers, alliances, links, agreements and other forms of cooperation between existing infrastructure companies.At the same time new electronic communication networks and electronic exchanges operated by members of exchanges or off-exchange companies and Internet brokers have emerged.We expect that economies of scale and scope and network effects will foster global competition.The business conducted by brokers and exchanges will tend to converge, thus posing a major challenge for the management of these businesses.Trading and settlement services for the most liquid global trading products will, we believe, be provided by limited liability companies that employ efficient governance practices.We anticipate that US stock and derivative exchanges will have to adopt fully electronic trading systems.This might lead to intense competition between exchanges in the US and globally.We also anticipate that European alliances will be based on a more efficient operational model than the models proposed so far.An increase in Internet-routed equity and derivative trades will lead to partial fragmentation of liquidity.As technology advances, we expect pooling of liquidity in one of the networks.
  • Rantalainen, Kristina (2007)
    Bank of Finland. Financial market report 1
    Systems development facilitates electronic trading of securities. Integration of posttrading services with the trading process will give a competitive edge to providers of trading platforms.
  • Iivarinen, Timo (2005)
    Suomen Pankki. Rahoitusmarkkinaraportti 2
    Internetpankkien käytön ja korttimaksamisen suosio on jatkanut kasvuaan Suomessa. Pankkikortteja käytetään maksukorteista eniten. Muutoksia korttien kävttöön saattaa tulla, kun pankkikorteista lähivuosina siirrytään kansainvälisten tiliin liitettävien maksukorttien käyttöön.
  • Hatakka, Tuula; Voipio, Ari (1999)
    Rahoitusmarkkinat ovat hyvin riippuvaisia tietotekniikasta ja tietoliikenneyhteyksistä.Suomalaiset pankit ja muut rahoitusmarkkinaosapuolet ovat hyvissä ajoin valmistautuneet vuosituhannen vaihtumisesta mahdollisesti johtuviin tietoteknisiin häiriöihin. joidenkin yhteiskunnan osa-alueiden varautumisen hitaus aiheuttaa kuitenkin jonkinasteisen riskin rahoitusmarkkinoiden toiminnalle vuosituhannen vaihtuessa, sillä vuosi 2000-projektien määräaikoja ei ole mahdollista siirtää.
  • Heikkilä, Airi (1991)
    Suomen Pankin tilasto-osaston työpapereita; Bank of Finland statistics department working papers 4/91
  • Kivistö, Jarkko; Nordquist, Lasse (1991)
    Suomen Pankin tilasto-osaston työpapereita; Bank of Finland statistics department working papers 3/91
  • Koskinen, Jenni (2008)
    Tehokas, sähköinen ja standardoitu maksujenvälitys lisää talouden tuottavuutta. Sähköiset pankkipalvelut ovat tuoneet automaatiohyötyjä paitsi pankeille myös niiden asiakkaille jo 1980-luvulta lähtien. Hyötyjä voidaan lisätä siirtämällä myös laskutus sähköiseen muotoon.
  • Rantalainen, Kristina (2007)
    Suomen Pankki. Rahoitusmarkkinaraportti 1
    Järjestelmien kehitys tukee arvopaperikaupan sähköistymistä. Post-trading - palvelujen integroiminen kaupankäynti-prosessiin antaa kilpailuedun kaupankäyntialustojen tarjoajille.
  • Topi, Jukka (2002)
    Suomen Pankki. Rahoitusmarkkinaraportti Kevät
  • Hasan, Iftekhar; Malkamäki, Markku; Schmiedel, Heiko (2002)
    Bank of Finland. Discussion papers 4/2002
    Published in Journal of Banking and Finance, Vol. 27, No. 9, 2003: 1743-1773
    The paper stresses on the importance of understanding the operational choices, strategies, and performances of stock exchanges as regular operating firms (Arnold et al (1999), and Pirrong (1999)) Using unbalanced panel data on 49 stock exchanges over the period 1989 1998, the paper traces the productivity of stock exchanges over time and across different types and groups of exchanges.We find significant variability in respect of the productivity revenue and cost efficiency across these exchanges.On average, North American exchanges are found to be most cost and revenue efficient.However, our findings also indicate that European exchanges have improved the most, in respect of cost efficiency, while exchanges in South America and Asia-Pacific regions are found to be lagging as regards both cost and revenue estimations.The evidence also indicates that investment in technology-related developments effectively influenced cost and revenue efficiency.Moreover, organisational structure and market competition are found to be significantly associated with both cost and revenue efficiency for the exchanges studied, whereas market size and quality are related only to revenue efficiency. Key words: stock exchanges, technological progress, technical efficiency JEL classification numbers: C23, G2, L2, O50
  • Heikkinen, Päivi; Korhonen, Kari (2006)
    Bank of Finland. Expository studies. A 110
    Sisällysluettelo: Erkki Liikanen A central bank's view on technology based efficiency and productivity in the financial markets9 Päivi Heikkinen - Kari Korhonen Introduction 15 Matti Pohjola ICT, productivity and economic growth: what will be the next wave? 23 Robert DeYoung The limits of information technology: how much will the banking industry change? 35 Jacob A Bikker - Jaap W B Bos Recent developments in efficiency and performance of European banks 47 Jukka Rosenberg IT-outsourcing as a strategic choice85 Bo Harald Second phase of electronic banking - significant contributor to efficiency in society at large 97 Päivi Heikkinen Convergence of the business processes of corporate customers and financial institutions 119 David Breden Managing operational risk in a continuously changing environment 129 John Trundle Managing operational risk in Euroclear 141 Tim Beck Rating agency's approach to operational risk - case of Fitch 151 Päivi Heikkinen - Kari Korhonen Editors' concluding comments 173 Tiivistelmä: The purpose of this publication is to highlight the potential for improved efficiency with intelligent use of information and communication technology (ICT).The publication is composed of several articles that discuss the potentials of ICT in the financial markets, and the dimensions of ICT usage in both improving business processes and risk management.The articles are based on presentations of the Conference on Technology Driven Efficiencies and Risks in Financial Markets, which was arranged by the Bank of Finland in November 2005. The European economy is in need of improved productivity.This applies also to the financial sector.Labour productivity can be promoted by intelligent use of general purpose technology.In the financial industry this means extensive use of ICT.The concept of e-banking refers to highly automated straight through processed financial transactions, multi-channel services, and integration of financial services into companies' business operations.By improving efficiency, the application of technology also promotes competition, better customer service, and growth.Solutions for macro-level problems can be found at the micro level. The use of ICT in re-engineering processes and in creating new financial products and delivery channels alters the risks in the financial sector.Functions become dependent on ICT, and the technologies used are the main source of vulnerability.At the same time, ICT gives the industry new tools to manage both traditional and new risks. Key words: financial markets, technology, ICT, e-banking, payment and settlement systems, structural changes, efficiency, risks, oversight, supervision
  • Hilpinen, Jorma; Hakala, Matti (1992)
    Suomen Pankin tilasto-osaston työpapereita; Bank of Finland statistics department working papers 4/1992
  • Koskinen, Kimmo; Manninen, Otso (2019)
    Bank of Finland. Bulletin 2/2019
    The profitability of the European banking sector is weaker than 10 years ago or compared with banks outside the EU. However, the average figures conceal market differences among EU banks.
  • Jalava, Jukka (2001)
    Bank of Finland. Bulletin 75 ; 2
  • Forsman, Pentti; Jalava, Jukka (2006)
  • (2001)
    Euroopan keskuspankki. Kuukausikatsaus Heinäkuu
    Tässä artikkelissa luodaan yleiskatsaus tällä hetkellä käytettävissä oleviin tietoihin, joiden perusteella voidaan arvioida tieto- ja viestintätekniikan (information and communication technologies, ICT) merkitystä tuottavuuden kasvulle euroalueella.Tilastojen perusteella näyttää siltä, että tieto- ja viestintätekniikan vaikutus talouskasvuun, sekä tuotantoon että investointeihin, lisääntyi 1990-luvun jälkipuoliskolla.Toistaiseksi ei kuitenkaan juuri ole merkkejä siitä, että tieto- ja viestintätekniikan käyttö olisi vaikuttanut positiivisesti kokonaistuottavuuden kasvuun.Rakenteellisten uudistusten jatkaminen onkin keskeistä, jotta uusia teknisiä mahdollisuuksia voidaan hyödyntää täysimääräisesti.Tieto- ja viestintätekniikan aiempaa suurempi vaikutus juuri tuottavuuden kasvuun viittaa kuitenkin siihen, että potentiaalisen tuotannon kasvua koskevissa arvioissa kasvun nopeutuminen näyttää todennäköisemmältä kuin kasvun hidastuminen.
  • Paunonen, Heli (2001)
    Suomen Pankki. Rahoitusmarkkinaraportti Kevät
    Suomessa on tällä hetkellä käytössä yksi yleiskäyttöinen sekä joitakin rajattuun käyttöön tarkoitettuja elektronisen rahan järjestelmiä. Lisäksi markkinoille on tulossa vähittäismaksuihin suunniteltuja matkapuhelinsovelluksia. Tässä luvussa luodaan lyhyt katsaus näihin järjestelmiin sekä pohditaan uusien maksutapojen mahdollisia ongelmia.