On Thursday and Friday 22-23 August, the head of banking supervision at the European Central Bank, Andrea Enria, will visit Estonia. This is the annual visit by the head of supervision to the supervisory authorities of member states.
In the first quarter of 2019, Luminor Bank AS merged with banks in Latvia and Lithuania owned by the same owner. This large transaction had a major impact on the figures for the banking sector in Estonia.
Finantsinspektsioon withdrew the operating licence as a payment institution from GFC Good Finance Company AS on 27 May 2019 for serious breaches of the law. Finantsinspektsioon also cancelled its identification code as a payment institution.
Finantsinspektsioon is mapping the landscape of financial innovation in Estonia over the next two weeks, asking market participants for input on possible ways of using financial technology, and the related problems and possible solutions.