News

2709.24

INGES KINDLUSTUS was granted an additional operating licence

Finantsinspektsioon granted the insurer INGES KINDLUSTUS an additional licence on 11 March for providing fire insurance and insurance against natural forces, financial loss insurance, legal expenses insurance, and ancillary services to insurance provision.

2709.24

Lightyear Europe AS was granted an additional operating licence

Finantsinspektsioon issued an additional licence to operate as an investment firm to Lightyear Europe AS on 4 March. The second licence issued to the company gives it the right to provide additionally various investment services and ancillary services to investment services.

2709.24

Transferring a home loan to another bank could be made simpler and cheaper

Eesti Pank and Finantsinspektsioon have put together a series of proposals that would make it quicker, simpler and cheaper for people to transfer their housing loan from one bank to another. The proposals would improve the functioning of the lending market and encourage competition in banking, but it would need some changes to the law.

2709.24

Finantsinspektsioon issued a precept to Creditstar Estonia AS

Finantsinspektsioon issued a precept to Creditstar Estonia AS (registry code 11251314) because it identified deficiencies in the internal regulations for assessing consumer creditworthiness and granting consumer credit.

2009.24

Nordic Baltic Crisis Simulation Exercise, 2024

To test the preparedness for a potential crisis situation, authorities from the Nordic-Baltic countries responsible for financial stability during this week conducted a financial crisis simulation exercise in the Nordic-Baltic region, involving three fictitious banks with cross-border activities.

0909.24

Chair of the ECB’s Banking Supervision Claudia Buch visited Estonia

On 5-6 September, the Chair of the ECB’s Single Supervisory Mechanism (SSM) for banking supervision, Claudia Buch, visited Estonia. During her visit Ms Buch met the management board of Finantsinspektsioon and the leaders of the Estonian banks.