RIGA (BNS) - The Bank of Latvia's supervision of the country's commercial banks has been deplorable, according to Andris Skele, leader of the People's Party.In an interview with BNS shortly before the election, Skele said the Bank of Latvia must assume responsibility for the banking crisis in 1994, as well as the liquidation of Banka Baltija and losses suffered by some of Latvia's commercial banks as a result of the Russian crisis.Skele believes the loss to the state of nearly 300 million lats ($517 million) as a result of the banking crisis is sufficient evidence to say that supervision ov...
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