News

2709.24

Finantsinspektsioon is organising an information seminar on access to basic payment services

Finantsinspektsioon is holding an information seminar on Thursday 22 February at 10.00-12.00 to explain the requirements for the provision of basic payment services. The information seminar is aimed primarily at banks and their branches, but can also be followed by anyone who is interested in the subject.

2709.24

We must not lose our grip on good management says Andre Nõmm of the risks of AI

Member of the Finantsinspektsioon management board Andre Nõmm spoke about the risks of AI in his opening address at the annual conference on internal audit organised by the business newspaper Äripäev. He said that the risks from AI systems clearly need to be managed by a human in the loop, but they should not be regulated too heavily.

2709.24

Maksekeskus AS was granted a licence to operate as a credit intermediary

Finantsinspektsioon issued a licence to Maksekeskus AS on Monday 22 July to operate as a credit intermediary, giving the company the right to intermediate the issuing of credit to consumers for a fee or to enable the signing of credit contracts.

2709.24

ESMA is mapping the interest of companies in providing crypto-asset services

The European Securities and Markets Authority (ESMA) is asking payment institutions, investment firms, e-money institutions, and other companies licensed by Finantsinspektsioon for information on whether they plan to start providing regulated services under Article 60 of the regulation of the European Parliament and of the Council on crypto-assets.

2709.24

The European Central Bank has launched a consultation with cloud service providers on transferring services

The European Central Bank launched a public consultation on its new guidelines for cloud services. The guidelines explain how the bank understands compliance with legal requirements and the supervisory expectations of banks.

2709.24

Finantsinspektsioon issued a precept to Kinnistulaen OÜ

Finantsinspektsioon issued a precept to Kinnistulaen OÜ on 3 June requiring the creditor to submit its annual financial report for 2022 to Finantsinspektsioon.