IMF Staff Country Reports

The Republic of Latvia: Financial System Stability Assessment, including Reports on Observance of Standards and Codes on the following topics: Banking Supervision; Payment Systems; Securities Regulation; Insurance Regulation; Corporate Governance; and Monetary and Financial Policy Transparency

March 22, 2002

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International Monetary Fund. Monetary and Capital Markets Department "The Republic of Latvia: Financial System Stability Assessment, including Reports on Observance of Standards and Codes on the following topics: Banking Supervision; Payment Systems; Securities Regulation; Insurance Regulation; Corporate Governance; and Monetary and Financial Policy Transparency", IMF Staff Country Reports 2002, 067 (2002), accessed December 26, 2024, https://doi.org/10.5089/9781451824537.002

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Summary

This paper presents key findings of Latvia’s Financial System Stability Assessment, including Reports on Observance of Standards and Codes on Banking Supervision; Payment Systems; Securities Regulation; Insurance Regulation; Corporate Governance; and Monetary and Financial Policy Transparency. The assessment reveals that the banking system of Latvia is well capitalized, profitable, and liquid following its recovery from the effects of the Russian crisis in 1998. A notable feature of the financial system is the significant share of nonresident deposits and foreign equity in the banking system and nonresident investment in the securities market.

Subject: Banking, Commercial banks, Credit, Financial institutions, Financial markets, Financial regulation and supervision, Insurance companies, Money, Payment systems, Securities markets

Keywords: Baltics, Banking system, Capital market, Central bank, CR, Credit, Exchange rate, Foreign exchange, Insurance companies, Investment funds, ISCR, Joint stock, Liquidity ratio, Monetary policy, Payment systems, Securities markets

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