News

EU-wide banking sector stress test results published

The stress tests conducted by the European Banking Authority (EBA) and the European Central Bank (ECB) indicated that banks both in Europe and the euro area would be able to survive even a significant economic downturn. The results were published late this Friday.

Finantsinspektsioon has withdrawn the authorisation as a creditor from Digiteks OÜ

On 26 June Finantsinspektsioon withdrew the authorisation as a creditor issued on 31 May 2016 to Digiteks OÜ. The authorisation was withdrawn following an application from the company itself.

Digiteks OÜ confirmed to Finantsinspektsioon that it did not have any current consumer credit contracts at the time when the authorisation was withdrawn.

Finantsinspektsioon issued a precept to BB Finance OÜ

Finantsinspektsioon issued a precept to BB Finance OÜ (registry code 11306564) because it identified deficiencies in the internal regulations for assessing consumer creditworthiness and granting consumer credit.

The head of Finantsinspektsioon gave a presentation to the Riigikogu

Chair of the management board of Finantsinspektsioon Kilvar Kessler reported to the Riigikogu today on the work last year of Finantsinspektsioon and the risks facing the financial sector this year. The biggest factor affecting the work of Finantsinspektsioon and the operation of the financial sector last year was the war in Ukraine, but this year the biggest impact has come from inflation.

Finantsinspektsioon issued a precept to Funderbeam Markets AS

Finantsinspektsioon issued a precept on 12 June to Funderbeam Markets AS because it did not release its annual report for 2022, the proposal and decision on profit distribution or loss coverage, and the sworn auditor’s report on time.

A cooperation agreement between Finantsinspektsioon and the investigative authorities will help solve crimes

On 29 May, Prosecutor General of Estonia Andres Parmas, Director General of the Estonian Police and Border Guard Board Egert Belitšev, and Chair of the Finantsinspektsioon Management Board Kilvar Kessler signed a cooperation agreement on preventing serious economic crimes in the financial sector and criminal abuse of the financial sector.