News

1110.22

Finantsinspektsioon has withdrawn the operating licence from AS KIT Finance Europe

Finantsinspektsioon withdrew the operating licence on 10 October for AS KIT Finance Europe (registry code: 11058103) to operate as an investment firm and as an investment adviser under an additional authorisation. The authorisation was withdrawn following an application from the company itself.

1110.22

Siim Tammer, Andre Nõmm and Andres Kurgpõld will continue as members of the Finantsinspektsioon Management Board

The Supervisory Board of Finantsinspektsioon extended the tenure of Management Board members Andres Kurgpõld, Andre Nõmm and Siim Tammer for a further three years on 30 September.

0310.22

Finantsinspektsioon hosted a visit from the European Single Resolution Board

Finantsinspektsioon today met representatives of the Single Resolution Board, led by Boštjan Jazbec, a member of the board of the SRB, during their regular visit to Estonia.

3009.22

The European Central Bank wants proposals from market participants on the guidelines for assessing the acquisition of qualifying holdings

The European Central Bank started a public consultation on the guideline that in Estonia will above all concern how acquisitions of qualifying holdings in banks are assessed. The bank is looking for comments from banks, investors and other stakeholders concerned with qualifying holdings at banks.

3009.22

The management board of Finantsinspektsioon met the heads of the Baltic financial supervisors in Vilnius

Chair of the Finantsinspektsioon management board Kilvar Kessler and board members Andre Nõmm and Andres Kurgpõld attended a forum of financial supervisory authorities in Vilnius to mark the centenary of the Lithuanian central bank and to discuss developments and challenges in the banking sector of the region.

3009.22

Finantsinspektsioon issued precepts to two companies in the Coop Pank Group

Finantsinspektsioon carried out simultaneous inspections at two companies in the Coop Pank Group, Coop Finants AS and Coop Pank AS. It issued precepts to both companies as deficiencies were identified by both inspections. The financial supervisor found that Coop Pank AS, registry code 10237832, needs to improve its credit risk management and control.