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

Madis Müller, Governor of Eesti Pank

Madis Müller leads Eesti Pank and is a member of the European Central Bank’s Governing Council, the highest decision-making body of the ECB that among other decisions sets monetary policy for the euro area. 

Madis Müller became Governor of Eesti Pank... 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


Date and place of birth: 7 May 1966, Rapla

Married with two children


  • 2012–2013 Harvard University (USA), Fellow
  • 2008–2009 Centre Européen de Recherches Internationales et Stratégiques, CERIS, Brussels (Belgium), Master's 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

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