Kilvar Kessler says that Estonian laws need to change. This will help banks and the economy.
Kessler said that Estonian laws must comply with the constitution. Technology helps to monitor but must not violate people's rights.
Kessler said that the state's technology must be legal. This requires strong control.
The Credit Institutions Act has been amended. Banking secrecy is an important topic. Some government agencies have gained access to banking secrecy without justification.
The Estonian economy depends on banks. Banks use people's money. The Financial Supervision Authority punishes banks if they violate the law. Now the state may have violated the law. Violation of banking secrecy is a serious matter.
The Authority wants to review information technology together with banks.