Chair of the ECB Supervisory Board Danièle Nouy pays an annual working visit to FCMC

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Riga, 23.04.2015
Press Release

Chair of the ECB Supervisory Board Danièle Nouy pays an annual working visit to FCMC

Today, 23 April 2015, Chair of the Supervisory Board of the Single Supervisory Mechanism at the European Central Bank Danièle Nouy is on a working visit to Latvia. During her visit, Mrs Nouy will meet with the Board members and experts of the Financial and Capital Market Commission (FCMC) to discuss key supervisory issues and cooperation within the single banking supervisory mechanism.

During the meeting, special attention will be given to the issues that have emerged in the new supervision framework – promotion of cooperation between national competent authorities and the ECB within the SSM, priorities of this year in supervision of the largest banks, main challenges, planned activities, etc.

“After meetings with national supervisory experts I have a more accurate idea of market characteristics and nuances to be taken into consideration when conducting banking supervision in euro area. Therefore I highly appreciate the opportunity to meet the people with whom the ECB team closely cooperates within the framework of the single supervisory mechanism,” emphasises the ECB Supervisory Board Chair Danièle Nouy.

„Almost half a year has passed since the ECB took over supervision of the major banks in the euro area. During this time much has been done – joint supervisory teams have successfully started their work and have become the basis for daily monitoring of significant credit institutions, we have also gained experience in the decision-making process on the acquisition of a qualifying holding, therefore both of us – the FCMC and ECB – have many common issues to discuss,” says the FCMC Chairman Kristaps Zakulis.

Further information:
Marija Makareviča
Head of Communications Division
Financial and Capital Market Commission
Telephone: +371 67774808; +371 26893967


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