Pēters Putniņš takes over as FCMC head

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Riga, 11.02.2016

Press Release 

Pēters Putniņš takes over as FCMC head 

Following a unanimous Saeima vote for the new chairman of the Financial and Capital Market Commission, today Pēters Putniņš takes over the post. On 20 December 2012, Saeima appointed Putniņš as FCMC deputy chairman. Putniņš’ earlier professional experience has been also related with the financial sector: he had been a consultant in legal issues for the Bank of Latvian in 2015-2012, and headed the Legal Department of the Bank of Latvia in 2002-2004.

FCMC Chairman Pēters Putniņš, “I appreciate the mandate of confidence for the post issued by Saeima today but nevertheless I am aware of a very dynamic work phase for FCMC ahead. Everything needs to be done for what we have agreed both at Saeima and with our foreign partners in order to implement the OECD accession negotiations, as well as to strengthen reputation of the Latvian financial sector concerning the money laundering prevention and to establish the highest standards in this area. It follows that the FCMC staff capacity needs to be further developed and improved. This is what we will work towards.”

Currently, FCMC has been preparing for the Latvian credit institution audit, involving independent US experts in order to assess AML/CFT compliance review in credit institutions and to develop appropriate methodology. It is expected to finalize the process in the first half of 2016 and that will have an impact on planning follow-up work for next year. 

More about the banking sector performance in 2015 and the vision of new FCMC head for the future activities in the press conference scheduled for 18 February, at 11.a.m. at the FCMC premises, 1 Kungu Street, Riga. 

For further information:

Ieva Upleja

Chief Public Relations Specialist 

Communications Department

Financial and Capital Market Commission 

Phone: +371 67774807; e-mail: ieva.upleja@fktk.lv 


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