AMWatch

Finnish regulator keeps Elo under supervision

"Over the past year, Elo has taken several actions to strengthen the operational models and expertise of the company's management. This work will continue determinedly through successful co-operation with the supervising authority and its authorised representative," Elo writes in a statement.

Elo headquarters in Espoo, Finland. | Photo: PR Elo.

Finland's Financial Supervisory Authority (FIN-FSA) has extended its authorized representative's stay at mutual pension insurance company Elo.

Attorney Pekka Jaatinen was appointed as the authorised representative for Elo in December last year, after the company dipped under the solvency limit in March 2020 as a result of an unprecedented decline in share prices due to the Covid-19 crisis.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

OP's AUM growth slows down slightly in Q2

OP Financial Group's mutual funds' AUM increased in Q2, though at a slower pace than in Q1. For the first half year of 2021 as a whole, the bank's mutual funds have attracted more than 100,000 new unitholders.

Further reading

Related articles

Trial banner

Latest news

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch