On May 6 the new Chairman of the Financial and Capital Market Commission addressed AmCham members on his vision for FCMC going forward as well as on the future of Latvia's financial and banking sectors. According to Peters Putnins, Latvia is a growing financial center, has a stable financial system and banks with high liquidity ratios.

The regulator plans to enlarge their offices to ensure a sustainable development of Latvia’s financial system and a stricter supervision of the banks to monitor their risk level and fight against money laundering. Among ongoing activities is creating an infrastructure improving the internal quality control systems of banks allowing them to conduct the non-resident business in a proper and transparent way.