Date: 2025-11-24Category: Not ApplicableState: Union GovernmentCountry: Europe
Council Decision (EU) 2025/2375 of 13 November 2025 amending Decision 1999/70/EC concerning the external auditors of the national central banks, as regards the external auditors of Suomen Pankki
**Executive Summary**
This Council Decision (EU) 2025/2375, dated 13 November 2025, amends Decision 1999/70/EC regarding the external auditors of national central banks. It specifically approves PricewaterhouseCoopers Oy as the external auditors of Suomen Pankki for the financial years 2026 to 2031. The Decision takes effect upon notification.
**Key Points / Main Content**
* **Auditor Appointment:**
* PricewaterhouseCoopers Oy is approved as the external auditor of Suomen Pankki for the financial years 2026-2031, replacing KPMG Oy Ab whose mandate ends in 2025.
* **Decision Amendment:**
* Article 1 of Council Decision 1999/70/EC is amended, replacing paragraph 11.
* **Effective Date:**
* This Decision takes effect on the date of its notification.
**Impact Analysis**
**European Central Bank**
*Impact:* Addressed in this decision.
*Action Required:* No action specified.
**Suomen Pankki**
*Impact:* Will have PricewaterhouseCoopers Oy as its external auditor for financial years 2026-2031.
*Action Required:* No action specified.
**PricewaterhouseCoopers Oy**
*Impact:* Is appointed as external auditor of Suomen Pankki for financial years 2026-2031.
*Action Required:* No action specified.
**KPMG Oy Ab**
*Impact:* Its mandate as external auditor of Suomen Pankki will end after the financial year 2025.
*Action Required:* No action specified.
Key Entities Referenced
Council Decision 1999/70/EC: Council Decision concerning the external auditors of the national central banks, which is being amended by this decision.
European Central Bank (ECB): Central bank of the European Union, whose Governing Council made recommendations regarding the external auditor.
Suomen Pankki: National central bank of Finland; the main subject of the decision regarding its external auditors.
PricewaterhouseCoopers Oy: Selected as external auditors for Suomen Pankki for the financial years 2026 to 2031.
Official Journal EN
of the European Union L series
2025/2375 24.11.2025
COUNCIL DECISION (EU) 2025/2375
of 13 November 2025
amending Decision 1999/70/EC concerning the external auditors of the national central banks, as
regards the external auditors of Suomen Pankki
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to Protocol No 4 on the Statute of the European System of Central Banks and of the European Central Bank,
annexed to the Treaty on European Union and the Treaty on the Functioning of the European Union, and in particular
Article 27.1 thereof,
Having regard to the Recommendation of the European Central Bank of 7 October 2025 to the Council of the European
Union on the external auditors of Suomen Pankki (ECB/2025/35)(1),
Whereas:
(1) The accounts of the European Central Bank (ECB) and of the national central banks of the Member States whose
currency is the euro are to be audited by independent external auditors recommended by the Governing Council of
the ECB and approved by the Council of the European Union.
(2) The mandate of the external auditors of Suomen Pankki, KPMG Oy Ab, will end following the audit for the financial
year 2025. It is therefore necessary to appoint external auditors from the financial year 2026 onwards.
(3) Suomen Pankki has selected PricewaterhouseCoopers Oy as its external auditors for the financial years 2026 to
2031.
(4) The Governing Council of the ECB has recommended that PricewaterhouseCoopers Oy be appointed as the external
auditors of Suomen Pankki for the financial years 2026 to 2031.
(5) Following the recommendation of the Governing Council of the ECB, Council Decision 1999/70/EC(2) should be
amended accordingly,
HAS ADOPTED THIS DECISION:
Article 1
In Article 1 of Decision 1999/70/EC, paragraph 11 is replaced by the following:
‘11. PricewaterhouseCoopers Oy are hereby approved as the external auditors of Suomen Pankki for the financial years
2026 to 2031.’.
Article 2
This Decision shall take effect on the date of its notification.
Article 3
This Decision is addressed to the European Central Bank.
Done at Brussels, 13 November 2025.
For the Council
The President
S. LOSE
(1) OJ C, C/2025/5611, 16.10.2025, ELI: http://data.europa.eu/eli/C/2025/5611/oj.
(2) Council Decision 1999/70/EC of 25 January 1999 concerning the external auditors of the national central banks (OJ L 22,
29.1.1999, p. 69, ELI: http://data.europa.eu/eli/dec/1999/70(1)/oj).
ELI: http://data.europa.eu/eli/dec/2025/2375/oj 1/1