Session Profile: Aivar Sõerd
15th Estonian Parliament, 6th sitting, plenary session.
2025-09-18
Political Position
The political focus is centered on state financial management and the investment strategy of the Bank of Estonia. The speaker criticizes the current low proportion of gold in the reserves, deeming it inefficient and questionable from a risk management standpoint. This position is strongly policy- and performance-driven, emphasizing the necessity of following global central bank purchasing trends.
2 Speeches Analyzed
Topic Expertise
The speaker demonstrates expertise on the subject of central bank investment assets, bonds, and index funds, utilizing technical terminology such as yield and risk hedging. He/She supports his/her positions with data (a 40% return on gold) and international comparisons (the Polish central bank and the Eurosystem). Particular emphasis is placed on the knowledge regarding the role of gold as a reserve asset and the hedging of risks associated with dollar-denominated assets.
2 Speeches Analyzed
Rhetorical Style
The rhetorical style is formal, logical, and data-based, focusing on specific financial indicators and global trends. The tone is directly interrogative and critical, calling into question the investment decisions of the Bank of Estonia with the question: "Why do you scorn gold in your investment assets?"
2 Speeches Analyzed
Activity Patterns
Insufficient data.
2 Speeches Analyzed
Opposition Stance
The criticism is aimed at the investment policy of the management of the Bank of Estonia, specifically concerning the undervaluation of gold and the inadequate hedging of risks associated with dollar-denominated assets. The opposition is based on both policy and performance, emphasizing that gold has provided significantly better returns than other assets.
2 Speeches Analyzed
Collaboration Style
Insufficient data
2 Speeches Analyzed
Regional Focus
The focus is on the national financial institution (the Bank of Estonia) and international comparisons, drawing attention to the gold reserves held by the Polish central bank and the Eurosystem. The purchasing patterns of global central banks are highlighted as an example that Estonia should follow.
2 Speeches Analyzed
Economic Views
Economic perspectives stress more active management of state reserves and maximizing returns, criticizing what they see as excessive conservatism. The speaker advocates for raising the share of gold to mitigate risks and achieve potential growth, favoring it over traditional bonds.
2 Speeches Analyzed
Social Issues
Insufficient data
2 Speeches Analyzed
Legislative Focus
The focus is on scrutinizing the Bank of Estonia's report and investment strategy at the plenary session, rather than initiating or supporting specific legislative bills. This involves oversight and the posing of questions to the representative of the executive power.
2 Speeches Analyzed