Finland’s Ministry of Finance published a financial sector growth strategy report from a working group that argues a more diversified financial system would support both financial stability and economic growth, compared with Finland’s current bank-centred model. The group focused on how Finland’s private equity market functions and highlighted its role in financing high-growth companies. The report sets a long-term objective of broadening the financing system and calls for higher ambition in growth finance and financial literacy. It recommends increasing the size of private equity funds that provide risk capital to growth companies, which it links to a need for targeted tax changes, and proposes measures to improve the attractiveness of the Helsinki stock exchange given relatively low turnover among the largest listed Finnish companies. On household finance, it points to a large share of financial wealth remaining in deposits and argues capital markets could deepen if households used a wider range of investment instruments, alongside continued work to ensure retail investors understand and can bear investment risks; the working group submitted the report to Minister of Economic Affairs Wille Rydman, who is responsible for financial market matters.

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