News

2601.21

Payment holidays continued to be ended in December

The share of loans in the loan stock that were subject to a payment holiday started to decline in early summer immediately after the emergency situation ended and the first wave of the Covid-19 virus receded.

2601.21

Finantsinspektsioon is highlighting credit risk to the banks

Finantsinspektsioon has sent a memo to the banks recommending that they pay increased attention to assessing and managing credit risk, given the spread of the coronavirus. The credit risk in the loan portfolios of the banks has so far been realised less than was feared, but the trend in the level of risk is upwards.

2101.21

Nordic-Baltic countries engage the IMF to conduct an analysis of cross-border money laundering and terrorist financing risks in the region

The eight countries of the Nordic-Baltic Constituency of the International Monetary Fund (IMF) have taken the initiative to engage the IMF to conduct a regional analysis of money laundering (ML) and terrorist financing (TF) threats and vulnerabilities.

1801.21

The European Securities and Markets Authority (ESMA) issues a reminder about MiFID II requirements

A statement from the European Securities and Markets Authority (ESMA) emphasised that if a company from a third country wants to provide investment services to clients established or located in the European Union, it has to follow the MiFID II requirements.

1801.21

IPF Digital AS was granted an authorisation as an e-money institution

Finantsinspektsioon issued authorisation to operate as an e-money institution to IPF Digital AS on 11 January.

1501.21

Laenuvahendaja OÜ was granted an operating authorisation as a credit intermediary

Finantsinspektsioon decided on Monday 7 December to issue an authorisation to Laenuvahendaja OÜ to operate as a credit intermediary.