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Assessing business practices in Latvia's financial sector.

Gatis Eglitis, Balazs Forgo, Radoslav Krastev, Ingrid Toming, Christian Weise

Assessing business practices in Latvia's financial sector.pdf(199 kB) Choose translations of the previous link 

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.

(Country Focus. 6. April 2014. Brussels. PDF. 7pp. Tab. Graph. Bibliogr. Free.)

KC-XA-14-006-EN-N (online)
ISBN 978-92-79-35120-4 (online)
ISSN 1725-8375
doi:10.2765/69339 (online)

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