Agenda Profile: Tanel Kiik
Draft law amending the Credit and Electronic Money Institutions Act and the Payment and Settlement Systems Act (634 SE) – first reading
2025-05-20
15th Riigikogu, 5th session, plenary sitting
Political Position
Supported the expansion of regulation for payment institutions, but expressed concern regarding potential risks in the area of anti-money laundering and sanctions compliance. Clarity was sought on whether the new regulations would ensure the same level of control as that applied to credit institutions.
Topic Expertise
Demonstrated an understanding of financial services regulation by asking technical questions regarding the differences between e-money institutions and payment institutions. Also showed knowledge of anti-money laundering (AML) requirements.
Rhetorical Style
He used technical questions and a cautious tone, focusing on risk assessment. He maintained a neutral approach, asking clarifying questions.
Activity Patterns
He asked a question regarding the regulation of financial services, specifically focusing on risk assessment. He also showed interest in the technical details.
Opposition Stance
He/She expressed concern regarding the potential risks associated with expanding financial services regulation. He/She then asked clarifying questions about risk mitigation.
Collaboration Style
They asked technical questions to grasp the regulations, demonstrating a willingness to delve deep into the specifics of the legislation. The focus was on understanding the associated risks.
Regional Focus
They inquired about the regulations governing e-money institutions and payment institutions, demonstrating an interest in ensuring the accessibility and security of financial services.
Economic Views
He/She inquired about the regulation of payment institutions, focusing on risk assessment and the requirements for controlling funds. Concern was also expressed regarding potential regulatory gaps.
Social Issues
They inquired about the regulation of payment institutions, focusing specifically on consumer protection aspects. They emphasized the necessity of transparency and control.
Legislative Focus
The speaker focuses on regulatory matters concerning payment institutions and e-money institutions, directing detailed technical questions toward the minister. He investigates the differences between e-money institutions and conventional payment institutions, demanding clarification regarding security requirements, transparency, and control mechanisms when compared to credit institutions. The speaker expresses concern about potential risks, especially concerning the traceability of the origin and movement of funds, demonstrating a cautious and analytical approach to the draft legislation.
1 Speeches Analyzed