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Monday 16.12.2019 | Name days: Alvīne
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Prime Minister says Santa Purgaile will help further finance sector’s «repairs»

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU

Latvian Prime Minister Krišjānis Kariņš (L) and Citadele Bank’s board member Santa Purgaile (R)

Approval of Citadele Bank’s board member Santa Purgaile as the head of Finance and Capital Market Commission (FCMC) will help conclude one of the government’s launched «repair stages» in the country’s finance sector, said Prime Minister Krišjānis Kariņš after meeting with her.

He says the government had previously proposed performing so-called «capital repairs» in the finance sector. Together with Purgaile’s approval it will help conclude an important stage of this process.

«Of course, not everything is done. However, we will have not only a new FCMC Law and new authority but also potentially a new manager prepared to take reins and move forward,» says the prime minister.

Kariņš stresses that he completely trusts the FCMC selection commission. This means the prime minister also supports approval of Purgaile as the head of the institution supervising banks.

Purgaile as candidate to lead FCMC was discussed by members of the Coalition Council on Monday, 23 September. Once the government has discussed this topic, it will be passed to the Saeima for approval.

Kariņš admits that he sees no reasons for the government to not support Purgaile as the next head of FCMC. «Purgaile was picked without involvement from politicians – it was done by professionals. The choice is based on professional criteria. And this is a way council members should be chosen for councils of state owned companies,» said Kariņš.

Purgaile says she and the prime minister discussed a number of topics, including the government’s vision for the business environment and FCMC’s main objectives.

«It is important for me to secure support from all involved sides. I am prepared to cooperate and answer all questions so that the Saeima is able to make its decision,» said Purgaile.

It was previously mentioned that Purgaile wants to see FCMC’s acting head Kristīne Černaja-Mežmale as one of two FCMC council members. When asked about the other possible candidate, Purgaile mentioned having someone in mind, but added it is necessary to wait until she has been approved.

«Then I will discuss with Bank of Latvia representatives and finance minister her vision for the two FCMC council members,» she added.

As previously reported, Citadele Bank’s board member Santa Purgaile has been picked as a contender for the post of the head of FCMC.


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