Latvia may replace regulator’s board several years early
Move comes as Latvian authorities try to respond to allegations of money-laundering
Latvia’s government may replace the entire board of the country’s financial regulation authority several years before their terms expire, it announced today (March 26).
Latvia’s official news agency said the government was considering appointing a new board to the Financial and Capital Market Commission (FKTK) in October.
The possible change to the regulator comes as Latvia’s authorities try to deal with a growing number of allegations of major financial corruption. Bank of Latvia governor
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