New rules on bank investments drafted

Sep 10, 1998

RIGA (BNS) - The Bank of Latvia is working to introduce new norms to regulate the maximum volume of investments by banks in different regions of the world.The Russian crisis has brought about the necessity to review the existing norms because even a demand for 100 percent risk provisions cannot guarantee investments in certain regions of the world, said the bank's senior official, Janis Placis.Before the Russian crisis began, the Bank of Latvia, like the central banks of other countries, viewed ...

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