News

0403.24

Kilvar Kessler tells a conference that Finantsinspektsioon is increasing the resilience of the financial sector

Tensions in international relations have led Finantsinspektsioon to pay more attention than previously to the operation of vital financial services during a crisis said chair of the Finantsinspektsioon board Kilvar Kessler at a conference on economic security on Tuesday.

0403.24

Finantsinspektsioon issued a precept to Saare Finants OÜ

Finantsinspektsioon issued a precept to Saare Finants OÜ on 12 February requiring it to submit its annual financial reports for 2019-2022 to Finantsinspektsioon.

0403.24

Finantsinspektsioon held a seminar for debt counsellors

Finantsinspektsioon held a seminar on 1 December for people closely involved in debt counselling, which discussed restructuring of debts, legal changes concerning debt collection, and access to debt counselling services. It also explained who the typical debtor is today, and the stages of life at which people fall into debt.

0403.24

The Estonian financial sector is no place for shell companies says Siim Tammer

On 15 December 2023, the Tallinn Administrative Court rejected the appeal of TAG Funds Management OÜ to have the decision of Finantsinspektsioon of May 2021 annulled and to be entered in the register of market participants as the manager of a small alternative fund. The court decided that Finantsinspektsioon had the right to reject the application for registration.

0403.24

The number of complaints about financial services rose

There were 389 complaints submitted to Finantsinspektsioon last year about financial services, up from 335 complaints from consumers in the previous year.

0403.24

Finantsinspektsioon issued a precept to Bigbank AS

Finantsinspektsioon issued a precept to Bigbank AS (registry code 10183757) on 29 January requiring the bank to remedy deficiencies in its credit risk management and control that were identified during an on-site inspection.