News

2503.25

Kilvar Kessler tells an AML conference that supervision to stop money laundering needs harmonisation in Europe

The years ahead will see challenges in the European Union for companies operating in crypto and for supervisors said Chair of the Finantsinspektsioon Management Board Kilvar Kessler at the Nordic-Baltic AML-2024 conference. His speech focused on setting up the European anti-money laundering agency AMLA, and on supervising crypto markets.

2503.25

The court finds that Finantsinspektsioon had the right to fine Tuleva Fondid AS for breaking the rules about advertising

Harju County Court approved the position of Finantsinspektsioon that there were serious shortcomings in how Tuleva Fondid AS advertised its financial services.

2503.25

Estonia was visited by the management of the European Single Resolution Board

Board Member of the European Single Resolution Board Tuija Taos and Head of Unit for Resolution Planning and Decisions Jose Manuel Panero Rivas visited Estonia on 15 November. During the visit they met the heads of Finantsinspektsioon and the Guarantee Fund, and representatives of some banks.

2503.25

Schoolchildren debated tax rises and the recommendations of influencers

Eesti Pank, Finantsinspektsioon and the debating society Eesti Väitlusselts organised a debating event in the Eesti Pank Museum for young people to debate whether the planned tax rises would support the Estonian economy and whether influencers should share advice about financial literacy.

2503.25

Information from the Italian insurance supervisor IVASS

The Italian insurance supervisor IVASS announced that resolution measures had been applied to the insurer Assicurazioni Rischi Agricoli VMG 1857 S.p.A and the insurance company FINASS VMG 1857 S.p.A that it controls. The resolution measures are being applied under the provisions of §152 of the Italian insurance supervisory act.

1511.24

Coop Pank AS was granted a licence to issue covered bonds

At the proposal of Finantsinspektsioon, the European Central Bank gave Coop Pank AS a licence to issue covered bonds. At the same time, Finantsinspektsioon approved Coop Pank’s covered bonds programme.