Posts tagged as Finance and Capital Market Commission

Third level pension plan deposit volumes reach new record value

Monday, June 25, 2018

Residents’ interest for pension savings remains high. The volume of deposits made to private pension funds in the first three months of 2018 has reached a new historic peak: a total of EUR 16.5 million has been paid to 3rd level pension accounts, which is 11.6% more when compared to the same period of 2017, as reported by Finance and Capital Market Commission. In Q1 2018, EUR 16.5 million was…

Latvian financial watchdog approves voluntary liquidation of ABLV Bank

Wednesday, June 13, 2018

The Finance and Capital Market Commission has approved the ABLV Bank’ plan for voluntary liquidation, the head of the Finance and Capital Market Commission, Peters Putnins, announced at a news conference on Tuesday. The Latvian financial watchdog has also approved all four liquidators proposed by the bank – Arvids Kostomarovs, Andris Kovalcuks, Elvijs Vebers and Eva Berlaus. They are law and finance experts. Vebers is also an insolvency administrator. The…