Session Profile: Aivar Sõerd
Fifteenth Riigikogu, sixth sitting, plenary sitting.
2025-09-24
Political Position
The political focus is centered on supporting the government-initiated draft amendment to the Securities Market Act, which aims to bring the regulation of derivative and repo transactions into compliance with international standards. The position taken is strongly policy- and regulation-based, focusing on ensuring the stability of the financial market. Although the issue of real estate valuation was secondary, it was addressed in a moderated and explanatory manner with the goal of protecting consumer interests.
1 Speeches Analyzed
Topic Expertise
The speaker demonstrates a high level of expertise in financial regulation, the securities market, and derivative instruments. Specific terminology is employed, including "green bonds," "repo transactions," "netting regulation," and "crisis resolution measures." This expertise is further evidenced by detailed explanations regarding the alignment of cross-references between the supervisory competencies of the Financial Supervision Authority and relevant legislation (the Bankruptcy Act and the Reorganization Act).
1 Speeches Analyzed
Rhetorical Style
The style is extremely formal, neutral, and procedural, characteristic of a committee rapporteur who presents a fact-based overview. The presentation is structured around logical arguments and detailed summaries of committee sessions, proposed amendments, and consensus decisions. Emotional appeals are absent; the focus is on clarifying technical details and procedures.
1 Speeches Analyzed
Activity Patterns
The operational pattern focuses on intensive work within the Finance Committee, which involved three sessions (September 9, 15, and 22) in preparation for the second reading of the draft bill. This pattern also includes the engagement of stakeholders (the Financial Supervision Authority, the Association of Real Estate Companies) and the drafting of amendments based on their feedback. The individual routinely handles the detailed documentation of the legislative process.
1 Speeches Analyzed
Opposition Stance
The lack of direct political opposition or criticism aimed at other parties stems from the fact that the commission's decisions were largely based on consensus. The Estonian Association of Real Estate Companies did raise a challenge concerning the statistical models used for collateral valuation. However, this was resolved not through confrontation, but via a meeting between the Ministry of Finance and the association, followed by the inclusion of an explanatory memorandum.
1 Speeches Analyzed
Collaboration Style
The collaborative style is strongly consensus-based and inclusive, as all crucial decisions and the nine proposed amendments were adopted unanimously by the committee. Cooperation was carried out with both the Ministry of Finance and various interest groups to address emerging concerns, such as issues related to property valuation. The committee was receptive to hearing the views of these interest groups and incorporating them into the explanatory memorandum.
1 Speeches Analyzed
Regional Focus
The focus is entirely on the national and international level, concentrating on bringing Estonian financial regulation (securities market, credit institutions) into compliance with international standards. Regional or local issues are absent; the discussion revolves around the competencies of the Financial Supervisory Authority and the Ministry of Finance.
1 Speeches Analyzed
Economic Views
Economic positions support financial market stability and international regulatory compliance, which is ensured by the modernization of regulations governing derivatives and repo transactions. Furthermore, the aspect of consumer protection in the mortgage market is prominent, where efforts were made to strike a balance between improving the flow of interbank lending and safeguarding consumer interests during property valuation.
1 Speeches Analyzed
Social Issues
Insufficient data
1 Speeches Analyzed
Legislative Focus
The legislative focus is on the comprehensive amendment of the Securities Market Act and related legislation (such as the Bankruptcy Act and the Reorganization Act). The objective is to ensure international compliance of the regulation governing derivative and repo transactions, and to specify the supervisory powers of the Financial Supervisory Authority and the requirements for green bonds. The speaker supports the draft bill and is the lead proponent of the nine amendments submitted by the lead committee.
1 Speeches Analyzed