Financial Sector Assessment : Latvia

As part of the joint International Monetary Fund (IMF)-World Bank Financial Sector Assessment Program (FSAP), a joint mission visited Latvia during the period February 14-28, 2001. The principal objective of the mission was to assist the authorities in identifying potential vulnerabilities in the financial system that could have macroeconomic consequences and to identify measures to reduce these risks. The mission also aimed at providing an assessment of the development needs of the financial system and its potential contribution to the economic transformation of Latvia as well as an assessment of the observance of international standards and codes in financial regulation and supervision. The purpose of this Financial Sector Assessment (FSA) report is to provide a summary of the main findings of the February FSAP mission, the policy priorities then identified, and subsequent policy developments that have taken place since.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2001-12
Subjects:	ACCESS TO CREDIT, ACCOUNTABILITY, ACCOUNTING, ACCOUNTING STANDARDS, ADJUSTMENT LOAN, ANTI-MONEY LAUNDERING, ASSET MANAGERS, ASSET QUALITY, ASSETS, AUDITING, AUDITORS, BAILIFFS, BANK CREDIT, BANK LENDING, BANK LIQUIDITY, BANK OF LATVIA, BANKING CRISIS, BANKING SECTOR, BANKING SUPERVISION, BANKING SYSTEM, BENEFICIARY, BLUE CHIP, BORROWING, CAPITAL ADEQUACY, CAPITAL MARKET, CAPITAL MARKETS, CENTRAL BANK, COMMERCIAL BANK, COMMERCIAL BANKS, COMMERCIAL LAW, CORPORATE GOVERNANCE, CORPORATE INSIDERS, COURT INFRASTRUCTURE, CREDIBILITY, CREDIT EXPANSION, CREDIT GROWTH, CREDIT INSTITUTIONS, CREDIT LINES, CURRENT ACCOUNT DEFICIT, DEBT, DEBT MANAGEMENT, DEGREE OF TRANSPARENCY, DEPOSIT, DEPOSIT INSURANCE, DEPOSITS, DEVELOPMENT OF DOMESTIC BOND, DOMESTIC BOND MARKETS, DOMESTIC EQUITY, EQUITY MARKET, EXISTING LAW, FACTORING, FINANCIAL AUTHORITIES, FINANCIAL DEVELOPMENT, FINANCIAL INSTITUTIONS, FINANCIAL INSTRUMENTS, FINANCIAL INTERMEDIARIES, FINANCIAL REGULATION, FINANCIAL SECTOR, FINANCIAL SERVICES, FINANCIAL STATEMENTS, FINANCIAL SYSTEM, FINANCIAL TRANSACTIONS, FOREIGN CURRENCY, GOOD FAITH, GOVERNMENT BONDS, GOVERNMENT FUNDS, HOUSING, HOUSING FINANCE, INCOME, INFLATION, INSIDER TRADING, INSTITUTIONAL INVESTOR, INSTITUTIONAL INVESTORS, INSURANCE, INSURANCE COMPANY, INTEREST RATES, INTERNATIONAL ACCOUNTING, INTERNATIONAL ACCOUNTING STANDARDS, INTERNATIONAL STANDARDS, INVESTMENT OPTIONS, ISSUANCE, ISSUANCE OF MORTGAGE BONDS, JUDGES, JUDICIAL SYSTEM, LAWS, LEGAL FRAMEWORK, LEGAL FRAMEWORKS, LEGISLATION, LENDING INSTITUTIONS, LIFE INSURANCE, LIFE INSURANCE COMPANIES, LIQUIDITY RATIO, LOAN, LOAN PORTFOLIO, LOCAL MARKETS, MACROECONOMIC CONDITIONS, MACROECONOMIC INSTABILITY, MARKET MANIPULATION, MARKET SUPERVISION, MATURITY, MATURITY MISMATCH, MERGER, MINORITY SHAREHOLDERS, MONETARY POLICY, MONEY LAUNDERING, MONEY MARKETS, MORTGAGE, MORTGAGE LENDING, MORTGAGE LOAN, MORTGAGE LOAN PORTFOLIO, MORTGAGE LOANS, MUTUAL FUND, MUTUAL FUND INDUSTRY, NATIONAL BANK, NEW CREDITS, NEW MARKETS, NONPERFORMING LOANS, PAYMENT SYSTEM, PAYMENT SYSTEMS, PAYMENTS SYSTEM, PEER REVIEW, PENSION, PENSION FUND, PENSION FUNDS, PENSION REFORM, PRIVATE PENSION, PROFITABILITY, PUBLIC RELATIONS, REAL ESTATE, REINSURANCE, REPUTATION, RESERVES, RETIREMENT, RETURN, RETURN ON EQUITY, RIGHTS OF MINORITY SHAREHOLDERS, SECURITIES, SECURITIES MARKET, SECURITIES MARKETS, SECURITIES REGULATION, SECURITIZATION, SETTLEMENTS, SOCIAL INSURANCE SYSTEM, SOLVENCY, STOCK MARKET, STOCKS, STRATEGIC INVESTORS, SUBSIDIARIES, SUPERVISORY AGENCIES, SUPERVISORY AGENCY, SUPERVISORY AUTHORITY, SUPERVISORY BOARD, SUPERVISORY BOARDS, SUPERVISORY FRAMEWORK, SWAP, SWAPS, TAX, TECHNICAL ASSISTANCE, TERRORISM, TRADING, TRADITIONAL BANKING, TRANSPARENCY,
Online Access:	http://documents.worldbank.org/curated/en/2001/12/17886469/latvia-financial-sector-assessment https://hdl.handle.net/10986/15950
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