Armenian Deposit Guarantee Fund pays exchange visit on experiences to FCMC

27.11.2015
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Riga, 26.11.2015

Press Release 

Armenian Deposit Guarantee Fund pays exchange visit on experiences to FCMC 

On 26 November, delegates from the Armenian Deposit Guarantee Fund paid a visit to the Financial and Capital Market Commission (FCMC) for the purpose of sharing experience in the field of depositors’ protection.

During the visit, the FCMC experts share their experience with the delegates of the Armenian Deposit Guarantee Fund regarding setting up the Deposit Guarantee Fund (DGF) of Latvia and operation of the DGF, inform on the practical process of implementation of the European Directive on deposit guarantee schemes. Besides, the Armenian colleagues are interested in Latvia’s practical experience in organising guaranteed pay-outs from the DGF to the depositors, as Latvia is among the EU member states, where a prompt and successful disbursement of compensations took place in relevantly recent past, both from the funds accumulated by the DGF and the additional funds via State borrowing.

In Latvia, accumulation and management of DGF funds, and guaranteed payments from the DGF have been carried out by the FCMC. 

Further information:

Agnese Licite

Public Relations Specialist 

Communications Division

Financial and Capital Market Commission

Phone: +371 67774808; +371 29467009,

Email: Agnese.Licite@fktk.lv

Contacts


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Kungu iela 1, Riga, LV-1050
Phone:
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