At its regular meeting on Tuesday, the Supervisory Board of Eesti Pank heard the central bank’s risk management report and decided to release Deputy Governor Maive Rute from her post at her own initiative as of 1 November.
The Governor of the bank Madis Müller gave board members the... more
Deputy Governor of Eesti Pank Maive Rute was appointed on Wednesday as the Deputy Director-General of the Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW) of the European Commission. Maive Rute’s last day of work at the central bank has not yet been fixed.... more
The precept and fine issued by Finantsinspektsioon to SEB Pank on Thursday illustrated the need for banks in Estonia to develop their know-your-client systems to make them smarter.
“It is unfortunate that despite the efforts that banks in Estonia have made in recent years to deal more... more
Eesti Pank is reducing the systemic risk buffer for the commercial banks from 1% to 0%. This will free up 110 million euros for the banks, which they can use to cover possible loan losses or to make new loans.
“We have required the banks to build up buffers during the good times, and now... more
The precept issued by Finantsinspektsioon on Thursday shows that although Swedbank has invested in the fight against money laundering, it has not been successful enough in preventing it. Nevertheless, the banks in Estonia have taken some successful steps under the anti-money laundering rules in... more
At today’s special meeting, the Supervisory Board of Eesti Pank appointed Maive Rute as the new Deputy Governor of the central bank. The term of office for a Deputy Governor is five years and Rute’s first workday is 1 October 2019.
Governor Madis Müller proposed Maive Rute for the post... more