Author(s): Gatis Eglitis, Balazs Forgo, Radoslav Krastev, Ingrid Toming, Christian Weise
The financial sector received specific attention when assessing Latvia's readiness to join the euro area, as well as in the context of the post-programme surveillance. The main concern is that some particular features of the Latvian financial sector could lead to negative spill-overs to the euro area, either because the sector might prove to be unstable and require external help or because of ambiguous business practices in this sector. The areas giving rise to concern include growing non-resident banking, implementation of anti-money laundering measures and recent changes in the corporate tax code.
|ISBN 978-92-79-35120-4 (online)|
|ISSN 1725-8375 (online)|
|doi: 10.2765/69339 (online)|
The views expressed in the ECFIN Country Focus are those of the authors only and do not necessarily correspond to those of the Directorate-General for Economic and financial Affairs or the European Commission.