Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Latvia’s Three Biggest Banks Come Fall Under ECB, Vilks Says

Don't Miss Out —
Follow us on:

Dec. 13 (Bloomberg) -- Latvia’s three biggest banks may fall under European Central Bank supervision when new banking rules take effect, Latvian Finance Minister Andris Vilks said on his Twitter account, without giving additional details.

European Union finance ministers agreed yesterday to put the ECB in charge of all euro-area lenders in a deal that paves the way for the currency bloc’s firewall fund to provide direct bailouts to banks.

Latvia hopes to join the currency bloc in 2014, the year the new supervisory mechanism should be fully ready.

To contact the reporter on this story: Aaron Eglitis in Riga at aeglitis@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.