Cerps officially running for Bank of Latvia governor

RIGA - The Financial and Capital Market Commission's (FCMC) former chairman Uldis Cerps has officially applied to run for Bank of Latvia governor.

Cerps has been mentioned as one of the potential candidates for the position for several months already, but on Monday he wrote on social networks: "Today I registered my candidacy for the post of Bank of Latvia governor. I believe it is important for Saeima members, who have to take a decision on this post, to have a sufficient choice" of candidates. 

After his tenure as FCMC head, Cerps worked at the Swedish Financial Supervisory Authority. At present, he works as an adviser to the head of the Central Bank of the United Arab Emirates (UAE).

Other potential candidates for the post of Bank of Latvia governor are Bank of Latvia Council member Martins Kzaks, the Finance Ministry's former state secretary Sanita Bajare and Inna Steinbuka, a member of the Fiscal Discipline Council.

Political parties have started informal discussions about candidates for the Bank of Latvia governor, as the current central bank governor Ilmars Rimsevics' term of office will end on December 21.