News

ESMA issues guidance on accounting implications of COVID-19

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has issued a

EBA provides clarity to banks and consumers on the application of the prudential framework in light of COVID-19 measures

• The EBA calls for flexibility and pragmatism in the application of the prudential framework and clarifies that, in case of debt moratoria, there is no automatic classification in default, forborne, or IFRS9 status.

LHV Pank AS has received authorisation to issue bonds

The European Central Bank has authorised LHV Pank AS to issue bonds at the proposal of Finantsinspektsioon. This allows LHV to start issuing bonds, but at the same time it must hold sufficient loans and liquid assets in its covered bond portfolio.

Swedbank fined for serious deficiencies in its measures to combat money laundering

Swedbank AB has had serious deficiencies in its management of the risk of money laundering in its Baltic operations.

Finantsinspektsioon will reveal at a press conference today the results of the investigation into Swedbank

The joint investigations by the Swedish and Estonian financial supervisors into compliance with anti-money

The work of Finantsinspektsioon under the conditions of COVID-19

Finantsinspektsioon is taking gradual and carefully considered preventative steps to avoid members of staff falling ill. Given the current circumstances, the everyday work and operations of Finantsinspektsioon are being reorganised.