Ilmārs Rimšēvičs
Banknotes: January to March 2024
A round-up of news and salient issues that have affected central bankers in the past three months
Latvian parliament approves Kazaks as next central bank governor
Economist takes charge as government pursues reforms after money-laundering allegations
Latvian coalition nominates new central bank governor
Nominee has publicly disavowed current governor as authorities try to deal with serious allegations
ECB approves proposed Latvian central bank reforms
Law gives Latvian government power to dismiss governors found guilty of gross misconduct
ECB shuts down Latvian bank involved in Rimšēvičs affair
Small lender's owner accused central bank governor of extortion and sued regulatory authorities
Latvian state changes top regulators over AML
Law had to be passed to meet international concern over money-laundering, prime minister says
Latvia tightens AML framework
Rules on beneficial ownership, fake currency and cash forex transaction all amended
Latvia may replace regulator’s board several years early
Move comes as Latvian authorities try to respond to allegations of money-laundering
ECB to supervise bank that accused Latvian governor of corruption
Latvian authorities requested ECB action as lender sues them for alleged malpractice
ECJ rules that Latvian governor was unlawfully removed
Latvian authorities failed to produce convincing evidence of wrong-doing by Ilmārs Rimšēvičs – ECJ
EU legal officer says Latvian government wrongly barred governor
Authorities provided no evidence to back claims governor acted corruptly, advocate general says
Three tricks to remove a troublesome Eurosystem governor
Eurozone authorities have learnt how to circumvent central bank independence – emboldened by feeble action by the European Commission
EC’s Cyprus ‘failure’ undermined Eurozone central bank independence – Demetriades
Barroso’s decision not to take legal action against Cyprus for undermining the independence of the central bank damaged the ECB’s authority and emboldened others, claims former CBC governor
ECB official calls for European action on money-laundering
Corrected: Commission said to be considering enhanced role for EBA after recent scandals
Latvian prosecutor charges central bank governor with corruption
Bank making accusations was closed by regulators in 2016
ECB commits to tapering bond purchase programme
Unanimous decision says bond purchases will taper if data confirms medium-term outlook
ECB asks European Court of Justice to rule on barring of Latvian governor
ECB says Latvia’s authorities have effectively removed Rimšēvičs from office
Latvian governor barred from entering central bank
Deputy governor effectively in charge as governor banned during bribery investigation
Latvian governor unable to attend ECB meeting due to corruption inquiry
Parliament will debate governor’s continuation in role this week
ECB orders Latvia to close bank accused of money laundering
Latvian finance minister says 12 further banks in country may be at risk from money laundering
Latvian governor attacks bribery ‘lies’
Prime Minister says governor may be target of smear, but banker widens accusations