Estonia's Financial Supervision Authority hosted a financial sector roundtable on strengthening cooperation on financial innovation and set out its priorities to support innovation. The agenda centres on refreshing its Innovation Hub, establishing a portal for licence applications, and cutting regulatory and administrative burdens by 10% during 2025. The Innovation Hub currently handles around 150 to 200 requests annually, mostly licensing-related queries on whether and when authorisation is required and which legal framework applies. A project launched around a year ago to modernise licensing across the financial sector aims to make authorisation processes more transparent and more digital, with the new licensing portal planned to be operational in the autumn. The supervisor has also simplified its regulatory sandbox and better targeted it at entities under financial supervision. In the same context, management board member Siim Tammer argued for reviewing the existing framework and reducing regulatory load where possible without harming consumers, noting that the authority cannot repeal laws but can propose legal changes and provide input to policy and decision makers.

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