Published: 24.04.2023

From 24 April to 28 April, Latvijas Banka will host training during which the US experts will educate the representatives of Latvia's financial supervisory and law enforcement authorities on a risk-based supervision of the Latvian capital market.

tirgus uzraudzibas macibas latvijas banka

The training programme developed by the Office of Technical Assistance of the U.S. Department of the Treasury, the United States Securities and Exchange Commission (SEC) and Latvijas Banka is designed to be a forum for the exchange of best practices in the supervision of the Latvian financial instrument market to ensure the protection of investor rights and facilitate a more effective development of the capital market.

Upon opening the training session, Christopher Robinson, US Ambassador, highlighted:
"The visit of the United States Securities and Exchange Commission is of high importance: the strength of the relationship between the US and its partners lies not only in policies and political treaties, but also in institutional cooperation."

Mārtiņš Kazāks, Governor of Latvijas Banka, expresses gratitude to the US organisations and speakers for the opportunity to share knowledge and practical experience in order to strengthen a risk-based approach and be able to prevent, detect and combat crimes in the financial instrument market in Latvia. It is an essential precondition for developing the Latvian capital market and creating a supervisory environment that would promote the confidence of investors and the protection of their rights.

During the training programme, speakers Julie A. Preuitt, Senior Special Advisor in the SEC's Office of International Affairs, and Erin McCartney, Senior Special Counsel in the SEC's Office of International Affairs, will introduce practical solutions to common financial market problems and abuses that serve to harm investor confidence and raise the cost of capital. The speakers will address such topics as challenges in the supervision of financial markets, best supervisory practices, supervisory instruments for protecting investor interests, investor educational opportunities, an effective international cooperation in the supervision of financial instrument trade and the exchange of information about the prevention of violations and illegal activities. During the training, topics related to detecting fraud and market manipulation, preventing financial crime and implementing effective solutions regarding violation prevention and sanction policy will also be explored. The training participants will learn about a risk-based approach to new capital market participants entering the market and will be introduced to case studies.

The training will bring together more than 40 experts from Latvijas Banka, the Ministry of Finance, the Department of Combatting Economic Crime of the Main Criminal Police Department of the State Police, the Financial Intelligence Unit, the Prosecution Office of the Republic of Latvia and the Consumer Rights Protection Centre.

Latest News

22.04.2025

Changes to the Coin Programme

Latvijas Banka has decided to amend the 2025 coin issuance programme...
15.04.2025

The coin "Cabbage" becomes Latvia's Coin of the Year 2024

The cleverly-designed collector coin "Cabbage" was announced Latvia's...
11.04.2025

The first non-bank payment service provider has joined Latvijas Banka's payment system EKS

The first non-bank payment service provider has joined the Electronic...
02.04.2025

Latvijas Banka is issuing insurance licences to AS Sincera Insurance

On 2 April, the Supervision Committee of Latvijas Banka decided...
01.04.2025

The value of counterfeits decreased by a third in 2024

In 2024, 1304 counterfeit euro banknotes and coins were detected...
01.04.2025

Mandatory payee verification: the next step in enhancing security

In an era where digital payments have become integral to daily life,...
01.04.2025

The digital euro project: latest developments and public opinion

Recent geopolitical developments have intensified the debate on the...
31.03.2025

"Payment Radar": non-cash payments in Latvia have reached a record-breaking share

The most recent (spring 2025) "Payment Radar" published by...
28.03.2025

Latvijas Banka is issuing an electronic money institution operating licence to AP OPERATIONS SIA

On 26 March, the Supervision Committee of Latvijas Banka issued...
24.03.2025

Voting for the best collector coin of 2024 is open

From 24 March to 6 April 2025, Latvijas Banka, in...
11.03.2025

Latvijas Banka will also provide IBAN and beneficiary name verification at the Eurosystem level

Today, the European Central Bank (ECB) issued a statement announcing...
06.03.2025

The Saeima re-elects two Members of the Council of Latvijas Banka for the second term

Today, the Saeima re-elected Māris Kālis and Zita Zariņa for the...