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Latvijas Banka imposes a 2 million euro fine
06.12.2023

Latvijas Banka imposes a 2 million euro fine on AS LPB Bank upon concluding an administrative agreement

Latvijas Banka has concluded an administrative agreement with AS LPB Bank specifying that AS LPB Bank shall fulfil several legal obligations related to compliance with the requirements laid down in...

Stranded Capital in Production Networks
Latvijas Banka announces a Competition of Student Scientific Research Papers
05.12.2023

Latvijas Banka announces a Competition of Student Scientific Research Papers

To promote the research and analysis of Latvia's and euro area's macroeconomic issues by involving the most talented young economists in this work, Latvijas Banka has announced the annual Competition...

ECB selects “European culture” and “Rivers and birds” as possible themes for future euro banknotes
30.11.2023

ECB selects “European culture” and “Rivers and birds” as possible themes for future euro banknotes

  In short “European culture” and “Rivers and birds” chosen as possible themes Advisory group to propose motifs by the end of 2024 Governing Council expected to choose final...

Financial sector agrees on continued measures ensuring access to cash
27.11.2023

Financial sector agrees on continued measures ensuring access to cash

Latvijas Banka, Finance Latvia Association and the commercial banks with the widest network of ATMs and branches – Swedbank AS, AS SEB banka, the Latvian branch of Luminor...

Latvijas Banka is issuing a coin dedicated to the anniversary of the Museum of the History of Riga and Navigation
27.11.2023

Latvijas Banka is issuing a coin dedicated to the anniversary of the Museum of the History of Riga and Navigation

On Wednesday, 29 November, Latvijas Banka will issue an unusually shaped silver collector coin "Fan of Light Rays" to mark the 250th anniversary of the Museum of the History of Riga and...

16.11.2023

Internal control systems of Latvian financial institutions have been improved substantially, proportionate risk management and risk appetite need to be strengthened

Over the past years, the risk level of money laundering and terrorism and proliferation financing (ML/TPF) has decreased substantially at Latvian financial institutions, and their internal control...

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