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Financial Stability and Macroprudential Policy Department

Elmārs Zakulis

Head of Department

67022418 Elmars.Zakulis@bank.lv

Tasks

  • Financial system analysis to identify and assess the systemic risks to the stability of Latvia's financial system;
  • performs the stress tests of credit institutions to assess their resilience to potential shocks;
  • prepares Financial Stability Reports and conducts other research and analytical tasks, inter alia recommends the measures needed to mitigate systemic risks;
  • develops macroprudential policy decisions and their justification.

Structure of the department

Financial Stability Analysis Division

  • Performs financial stability analysis;
  • performs the stress tests of credit institutions;
  • prepares Financial Stability Reports and conducts other research and analytical tasks;
  • cooperates with external partners in the field of financial stability.

Macroprudential Policy Division

  • Develops macroprudential policy decisions and their justification;
  • puts forward proposals for improving the existing macroprudential regulatory requirements or for drafting new requirements (including in line with the changes introduced into the European Union legal acts).