News

2609.22

The Finantsinspektsioon Innovation Hub received more than 200 enquiries in a year

The Finantsinspektsioon Innovation Hub was contacted on 207 occasions during its first year of operations about topics relating to financial innovation, mostly about crypto assets in general or different specific tokens.

0509.22

Finantsinspektsioon is introducing a new solution for releasing financial sector statistics

Finantsinspektsioon will start to use the new STAR platform for releasing financial sector statistics as it covers market participants in the financial sector more broadly than before, adds new data positions, and allows data to be viewed and processed in a more user-friendly way.

0209.22

Chair of the Supervisory Board of the European Central Bank Andrea Enria visited Estonia

On 1-2 September, the head of banking supervision at the European Central Bank (ECB) Andrea Enria visited Estonia. During his visit Mr Enria met the management board of Finantsinspektsioon and leaders of the largest Estonian banks. 

1507.22

Heads of FinCEN and Finantsinspektsioon discussed the impact of the war in Ukraine on the financial sector

The Chairman of the Management Board at Finantsinspektsioon, Kilvar Kessler, and the Acting Director of the US Financial Crimes Enforcement Network (FinCEN), Him Das, met today in Tallinn to discuss the impact and risks of the war in Ukraine on the financial sector and opportunities for continued successful cooperation between the corresponding US and Estonian authorities.

0807.22

Payment institutions are dependent on outsourced IT service providers says Finantsinspektsioon

Finantsinspektsioon mapped the payment institutions under supervision, and one point of assessment was their management of IT risks. The conclusion of the review was that payment institutions have relatively few of their own IT staff and are heavily dependent on IT services bought in from outside providers.

0807.22

Businesses offering client loyalty cards and similar means of payment may have an obligation to inform Finantsinspektsioon

Finantsinspektsioon has highlighted that any company that offers its clients client loyalty cards, fuel cards, membership cards, public transport cards, account-based payment options and other personalised and restricted means of payment for use in its premises, in a restricted network or for purchasing only some services and products may bear the obligation to inform Finantsinspektsioon of its