News

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

1706.22

Time is running out for crowdfunders to apply for an authorisation

Under the regulation of the European Union, all crowdfunding service providers have to have an authorisation by 10 November 2022, after which they cannot operate without one. The final deadline for applying to Finantsinspektsioon for an authorisation is at hand.

1706.22

Modena Payments OÜ was granted an operating authorisation to provide payment initiation services and account information services

Finantsinspektsioon issued authorisation on 30 May to Modena Payments OÜ to provide payment initiation services and account information services as a payment institution.