Finantsinspektsioon issued a precept to Swedbank Liising AS (registry code 10434248) because it identified deficiencies in the internal regulations for granting consumer credit.
On 3 March, Finantsinspektsioon issued authorisation to Crowdestate AS to operate as a provider of crowdfunding services, giving it the right to provide loan mediation and investment-based crowdfunding services.
Finantsinspektsioon issued a precept to AS LHV Finance (registry code 12417231) because it identified deficiencies in the internal regulations for assessing consumer creditworthiness and granting consumer credit.
On 13 February Finantsinspektsioon withdrew the operating authorisation as a creditor and mortgage creditor issued on 18 August 2016 from Osaühing LAENUKESKUS. The authorisation was withdrawn following an application from the company itself.
Finantsinspektsioon published 1610 warnings on its website last year about companies operating without a licence in Estonia and elsewhere in the European Union, mostly providers of investment services. There were about 500 more such warnings last year than in the previous year. Eight of those warnings were written and published at the initiative of Finantsinspektsioon.
ead of Finantsinspektsioon Kilvar Kessler spoke to pupils at the Pirita Gymnasium of Economics (Pirita Majandusgümnaasium) at a conference to mark the 75th anniversary of the school, and he discussed the importance of supervision of the financial sector and the advantages of a regulated market.
