News

Providers of loans and leases are offering clients different conditions for loan repayment moratoriums

A survey carried out by Finantsinspektsioon has found that all the banks and leasing companies and most creditors are allowing clients that have fallen into difficulty because of th

Finantsinspektsioon has withdrawn the authorisation from TransferFast OÜ

On 20 April 2020, Finantsinspektsioon withdrew the authorisation of TransferFast OÜ as a payment institution to provide money transfer services.

Finantsinspektsioon is giving banks more flexibility in managing their capital

In two advisory guidelines issued on 20 April, Finantsinspektsioon is directing banks to consider payment moratoriums to manage the coronavirus impact and has announced temporary fl

ESMA issues guidance on accounting implications of COVID-19

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has issued a Public Statement on some accounting implications of the economic support and relief measures

EBA provides clarity to banks and consumers on the application of the prudential framework in light of COVID-19 measures

• The EBA calls for flexibility and pragmatism in the application of the prudential framework and clarifies that, in case of debt moratoria, there is no automatic classification in default, forborne, or IFRS9 status.

Finantsinspektsioon emphasises that lenders must continue to be responsible during the emergency situation

Finantsinspektsioon sent a memo to credit institutions, creditors and credit intermediaries advising them to apply the principles of responsible lending during the epidemic and to b