Finantskriisi ennetamise ja lahendamise seaduse muutmise ning sellega seonduvalt teiste seaduste muutmise seadus

This Estonian national bill amends the Financial Crisis Prevention and Resolution Act, the law that sets out how banks and other financial institutions are prepared for, and handled during, a financial crisis. It also makes consequential changes to other Estonian laws so the framework stays consistent. The bill is based on metadata only, so the specific changes are not described here. Its title suggests it aligns national rules with the wider EU framework for recovering and resolving failing financial institutions. The main groups affected are credit institutions and other financial firms supervised in Estonia, along with the authorities responsible for crisis prevention and resolution. Depositors and the wider financial system may also be affected by how failing institutions are managed. Details of the obligations and powers involved would need to be checked in the full bill text.