FCMC Chairwoman Kristīne Černaja-Mežmale takes office

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Today, 15 July 2019, Kristīne Černaja-Mežmale, appointed by the Saeima on 8 July as the temporary head of the Financial and Capital Market Commission (FCMC), takes up office of the FCMC Chairwoman in order to ensure continuity of the FCMC operation.

Saeima’s statement: https://www.vestnesis.lv/op/2019/137.2

Černaja-Mežmale has been working in the FCMC since 18 August 2017, heading the Monetary Financial Institutions Operations Analysis Division of the FCMC’s Supervisory Department since 2018, previously as the deputy head of the division regarding the supervision of significant banks. Further information: https://www.fktk.lv/en/about-us/fktk-management/board/

FCMC Chairwoman Kristīne Černaja-Mežmale on the FCMC’s priorities:
“During the transitional period, as long as a competition is running, a new FCMC chairperson has been selected and a new FCMC board of three members has been approved by the Saeima, my key priority is an ongoing operation of the FCMC, tasks to be continued and completed within the time limits and at the professional level we have ensured to date. For such developments, in addition to the Saeima’s vote I have also received the support of my colleagues. The stability of the financial sector and compliance issues in the context of the new business approach, which is now being pursued by our market participants, will be within the scope of our key tasks. Following the change management and in particular the self-cleaning of the banking sector we have entered a new historic phase, since Latvia’s banks are now dominated by domestic and European deposits at 91% of total deposits. The domestic deposit base is sustainable and gradually growing in recent years. This is a good tendency. New business models of significant part of the Latvian banking segment will show the return on the new business approach in a couple of years. As regards the Moneyval assessment this year, performing our tasks and cooperation with other institutions is taking place in line with timelines and at high levels of responsibility, therefore there is reason to say that, together with other authorities involved, we can more confidently expect a better assessment of our national system for the prevention of financial crimes as a whole by the international partners.“

For additional information: FCMC’s infographics on implementation of new business models in Latvian banking sector: https://bit.ly/2XHnMYc

Further information:
FCMC’s Communications Division
Phone +371 67774808, +371 67774807
ieva.upleja@fktk.lv, dace.jansone@fktk.lv


Kungu iela 1, Riga, LV-1050
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