OREANDA-NEWS. October 23, 2009. At its regular meeting the Supervisory Board of Eesti Pank received an overview of the economic policy statement and autumn forecast of Eesti Pank and the global economic developments. Furthermore, the Supervisory Board was given a regular overview of meeting the Maastricht criteria necessary for the adoption of the euro, reported the press-centre of Eesti Pank.

The Supervisory Board of Eesti Pank appointed Rein Minka, the Deputy Governor of Eesti Pank, and Valdo Randpere, an entrepreneur, to the Supervisory Board of the Financial Supervision Authority.

The Supervisory Board also heard the first half-year report of the Internal Audit Department.

The next regular meeting of the Supervisory Board of Eesti Pank will be held on 3 November 2009.

The Supervisory Board of the Financial Supervision Authority plans the activities of the Financial Supervision Authority and monitors the management. The Board consists of six members of whom two are members by virtue of office. These are the Minister of Finance and the Governor of Eesti Pank. Two members of the Board are appointed and removed by the Government of the Republic of Estonia on the proposal of the Minister of Finance, and two members are appointed and removed by the Supervisory Board of Eesti Pank on the proposal of the Governor of Eesti Pank. The members of the Board are appointed to office for three years.