Regulator files for insolvency of PNB banka
Latvia's banking regulator, the Financial and Capital Market Commission (FKTK) announced August 22 it had applied to declare the country's sixth largest bank, PNB banka, insolvent.
PNB banka payouts to total nearly 300 million euros
Following the suspension of PNB Bank's ability to offer services as a result of action by the European Central Bank (ECB) and the Financial and Capital Markets Commission (FKTK), almost 300 million euros will be paid out to depositors, FKTK's acting chairwoman said August 16.
25 apply to become head of Latvia's financial regulator
A contest to find a new and confidence-inspiring head of Latvia's financial regulator, the Financial and Capital Markets Commission (FKTK) has attracted 25 applicants in the initial stage, the government press office revealed August 13, one day after submissions for the job closed.
PNB bank chairman has departed
The Chairman of the Board of PNB Banka, Briton Oliver Bramwell, has left the post he had held since 2013, the bank has announced. 
Wanted: new financial regulator
The search for a new head of Latvia's financial regulator is underway with the government on July 12 announcing a competition for the post.
Stand-in financial regulator confirmed
At its meeting on 8 July, the Latvian Saeima decided to release the Chairman and Deputy Chairwoman of Latvia's financial regulator, the Financial and Capital Market Commission (FKTK) ,from their positions and to appoint a temporary replacement to lead the organization.
Financial regulator and deputy quit with golden handshakes
Financial and Capital Market Commission (FKTK) Chairman Peters Putniņš and his deputy Gunta Razāne both handed in their submitted their resignations on July 4, Finance Minister Jānis Reirs (New Unity) confirmed, according to the LETA newswire.
Cabinet approves data swap between law enforcement and banks
On Tuesday, July 2, the Cabinet of Ministers approved the draft law “Amendments to the Law on Credit Institutions” drafted by the Interior Ministry, which will provide an opportunity to introduce a new procedure for faster and more efficient information exchange between law enforcement institutions and credit institutions.
Meridian Trade Bank warned over risk exposure
Meridian Trade Bank (MTB) has been warned by Latvia's financial regulator, the Financial and Capital Markets Commission (FKTK) over its risk exposure, the regulator said in a statement June 20.
Finance Latvia Association head quits to take up World Bank job
Sanda Liepiņa the Chief Executive Officer and Chairwoman of the Management Board of the Finance Latvia Association (FLA), will leave her post on June 28 to start working at the World Bank Group in Washington DC, USA, FLA said in a statement June 18.
U.S. Treasury's Billingslea in Rīga: changes are "long overdue"
Marshall Billingslea, the Assistant Secretary of the U.S. Treasury was in Rīga May 16 to talk about Latvia's ongoing efforts to clean up its banking sector in the wake of the collapse of ABLV bank last year and several other scandals related to sanctions-busting and other issues.
Latvian central bank publishes annual report
Latvia's central bank, Latvijas Banka (LB) has published its annual report for 2018, and while it proved to be an exceptionally turbulent one as far as its leadership was concerned, the financial figures and its various competencies appear to have remained sound.  
Current financial regulator employee managed risk at bank when violations were made
The former management of Meridian Trade Bank could have caused losses to the bank by handing out loans for personal projects, the De facto investigative news show reported April 28. A striking detail is that the employee who was tasked to prevent such cases at the bank is now working at Latvia's finance watchdog, the Financial and Capital Markets Commission (FKTK).