Finantsjärelevalveasutus

Finantsjärelevalveasutus is the Estonian term for a financial supervision authority. In Estonia, this role is primarily fulfilled by the Finantsinspektsioon (Financial Supervision Authority). Its main objective is to ensure the stability and soundness of the Estonian financial market, thereby protecting consumers and investors. The Finantsinspektsioon supervises various financial institutions, including banks, insurance companies, investment firms, and other market participants.

The authority's responsibilities encompass licensing financial institutions, overseeing their operations to ensure compliance with laws and regulations, and taking corrective actions when necessary. This supervision aims to prevent systemic risks within the financial sector and to maintain public confidence in the Estonian financial system. The Finantsinspektsioon also plays a role in developing financial market regulations and promoting financial literacy.

The establishment and mandate of the Finantsinspektsioon are rooted in European Union directives and national legislation. It operates independently and is funded through fees and levies paid by the supervised entities. The authority collaborates with other national and international regulatory bodies to address cross-border financial activities and maintain a consistent approach to financial regulation. Its work is crucial for the orderly functioning of Estonia's economy and for safeguarding the financial well-being of its citizens.