Posts tagged as merge

Finance Minister plans to merge regulator with Latvian central bank

Thursday, May 21, 2020

The Ministry of Finance (FM) said May 21 it has submitted a proposal to the cabinet that would place Latvia’s independent financial regulator, the Financial and Capital Markets Commission (FKTK) under the wing of the Latvian Central Bank (LB). “The addition of the FKTK to the Bank of Latvia is the logical conclusion of the overhaul of the financial sector. Synergies of information and competencies will help the assessment of risks in…