News

0403.24

Bank accounts of consumers can only be closed in exceptional circumstances says Finantsinspektsioon

Finantsinspektsioon issued an advisory guideline that highlights that banks must follow the same rules when opening basic payment accounts for clients, refusing to open them, or closing them, and that opening an account may be refused or an account closed only in exceptional circumstances.

1202.24

The BaltCap Infrastructure Fund that has been associated with possible thefts does not come under the supervision of Finantsinspektsioon

Finantsinspektsioon has been informed of the suspicion that fund’s assets were used illegally in 2018–2023 mainly by Lithuanian and Polish companies that fund had invested in. That fund was managed by unlicensed small fund manager OÜ Baltcap Infrastructure Management.

2311.23

Finantsinspektsioon won in court against GFC Good Finance Company AS

The Tallinn Circuit Court ruled today that Finantsinspektsioon had the right to withdraw the authorisation from GFC Good Finance Company AS on 27 May 2019, and to make this information public.

1611.23

Dominique Laboureix, head of the European Single Resolution Board, is to visit Estonia

Chair of the European Single Resolution Board Dominique Laboureix, SRB Board Member Tuija Taos, and Head of Unit for Resolution Planning and Decisions Jose Manuel Panero Rivas will visit Estonia on 16 and 17 November.

0811.23

Finantsinspektsioon is holding a conference to examine FinTech

Finantsinspektsioon is holding the Estonian FinTech Forum 2023 conference on 8 November in the Independence Hall of Eesti Pank, at which experts in the field will examine the FinTech ecosystem.

0811.23

Encouraging financial innovation needs risks to be mitigated

The Estonian FinTech Forum 2023 conference held by Finantsinspektsioon on 8 November in the Independence Hall of Eesti Pank gave market participants, supervisors and experts the chance to discuss risks and opportunities in the market.