Real estate funds have been under the authority’s supervision for years

The Financial Supervisory Authority was not surprised by the housing funds’ redemption difficulties. Already in the second fall, stress tests showed that not all funds are equally well prepared for possible shocks.

Real estate funds the problems have come as a surprise to at least some of the investors. However, the funds’ difficulties with redemptions have not come as a complete surprise to the supervisory authority, the Financial Supervisory Authority.

The authorities have known that there have been big differences between the funds in how they would be able to prepare for various problem situations. This is the opinion of the head of the office of the Financial Supervisory Authority (Fiva). Marko Hovi.

By Editor