Banks to face larger fines
TALLINN - Estonian Justice Minister Hanno Pevkur agrees that the punishment rates for Estonian financial sector misdemeanors are too small, and said that the new maximum fine rate will be 400,000 euros, reports Public Broadcasting.
Estonian outgoing Financial Supervision Authority director general Raul Malmstein said in an interview to Postimees that the punishment rates in the financial sector are the lowest in Europe – the biggest possible punishment against a bank is 32,000 euros. ...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times
. If you are already subscribed to The Baltic Times
, please log on using the form on the top of the page. If you do not have a membership yet - please subscribe