New financial sector update available
A new edition of the Financial Sector Update bulletin that is part of the government's drive to improve the reputation of the financial sector, has been published at the Cabinet of Ministers website
Latvia abandons "regional financial hub" aspiration
Latvia is officially giving up on its former ambitions to become a regional financial hub, after the government on February 12 discussed Finance Ministry proposals to delete wording expressing such hopes from the country's Financial Sector Development Plan.
Latvian financial sector info available in English
Latvian banks have been consistently  in the international headlines over the last year - often, but not always, for the wrong reasons - and with a major reform underway to try to turn around the sector's reputation, the financial regulator has unveiled a new, easy-to-read quarterly report to keep abreast of current trends. And it's available in English as well as Latvian. 
Ambassador to US: Latvia still at serious risk of being put on "gray list"
Latvia's ambassador to the United States of America, Andris Teikmanis, warned December 19 that Latvia's attempts to improve the international reputation of its banking sector still were not complete and the risk of being put on a damaging "gray list" of high-risk countries for financial transactions remained real.
Norvik bank changes its name to PNB
The latest change in Latvia's transforming banking sector came November 9 with retail bank Norvik announcing a name change. In future it will be known as "PNB banka".
Regulator hands out fines to two Latvian banks
Latvia's financial regulator, the Financial and Capital Markets Commission (FKTK) on October 19 announced fines to be paid by two Latvian banks. One was relatively minor, but another was one of the stiffest it has ever handed out.
Prime Minister writes opinion piece for Financial Times
Latvian Prime Minister Māris Kučinskis gained a byline in world-famous British newspaper The Financial Times September 30 with an opinion piece talking about government plans to tackle money-laundering and financial crime.
Anti-money laundering plan to be submitted to Saeima by June 2019
On 25 September, the Latvian government approved what it called a "comprehensive Action Plan" in response to the recommendations included in Moneyval’s recent evaluation of Latvia’s anti-money laundering system, which has been in sharp focus ever since ABLV bank's fortunes nosedived in the wake of money laundering accusations from the U.S. authorities.
Non-resident deposits down to 20% of total
The level of non-resident deposits (NRDs) in the Latvian banking sector continues to fall according to latest information released by the Financial and Capital Market Commission (FKTK), the industry regulator.
Blackstone takes billion-euro stake in Luminor bank
Luminor, a bank formed from the merging of the Baltic operations of DNB and Nordea, announced September 13 that it is selling a majority stake to a consortium led by private equity funds managed by investment company Blackstone.
New anti-money laundering Action Plan floated
The Financial Sector Development Council, a working group called by Prime Minister Māris Kučinskis in the wake of the ABLV bank scandal, on 11 September approved an action plan to strengthen Latvia’s anti-money laundering capabilities, and its ability to combat the financing of terrorism and weapons
proliferation, a statement from the government press office said.
Embattled Latvian central banker nominates stand-in
Bank of Latvia President Ilmārs Rimšēvičs has appointed his deputy Zoja Razmusa as his proxy to represent him on the European Central Bank (ECB) Council, the Latvian central bank’s spokesman Janis Silakalns told the LETA newswire September 10.
Regulator talks up money laundering crackdown
During a meeting with the European Parliament's Special Committee on Financial Crimes, Tax Evasion and Tax Avoidance (TAX3) delegation, Pēters Putniņš, Chairman of the Financial and Capital Market Commission (FKTK) talked up a "radical transformation of the Latvian bank business model" according to a statement released by FKTK September 5.