News

Finantsinspektsioon is setting a target of reducing the administrative burden of the financial sector by a tenth

Finantsinspektsioon held a roundtable discussion on 16 April for the financial sector to discuss ways of strengthening cooperation on financial innovation between state institutions and companies working in the financial sector.

Finantsinspektsioon is inviting companies in the financial sector to test out their new solutions

Finantsinspektsioon launched its testing sandbox in a new form on Monday that is designed to promote financial innovation and provide a free environment for companies to test new financial technology products and solutions in cooperation with Finantsinspektsioon

Finantsinspektsioon granted AS TBB Pank permission to terminate its services voluntarily

Finantsinspektsioon granted AS TBB Pank permission on 14 April to terminate its services voluntarily. The operating licence of AS TBB Pank is consequently revoked, as is the right of the AS TBB Pank subsidiary AS TBB Liising to operate as a creditor. The decision of Finantsinspektsioon also gives AS TBB Pank the right to start its voluntary winding up process.

The 8 Nordic-Baltic countries publish report on large, complex and successful financial crisis simulation exercise

Over a period of five days in the autumn of 2024, the Nordic-Baltic Stability Group (NBSG¹) conducted a financial crisis simulation exercise across its 8 member countries.

Finantsinspektsioon has withdrawn the licence as a credit intermediary from Montonio Finance OÜ

On 17 February Finantsinspektsioon withdrew the licence as a credit intermediary issued on 1 July 2019 to Montonio Finance OÜ. The licence was withdrawn following an application from the company itself.

iRaha Estonia OÜ was granted an operating licence as a creditor

Finantsinspektsioon issued a licence to operate as creditor to iRaha Estonia OÜ on 3 February. The licence gives the company the right to provide unsecured loans to consumers under a credit contract.

The members of the management board of iRaha Estonia OÜ are Erik Karu and Kersti Kurval.