Banks, Financial Services, Latvia, Legislation, Lithuania
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Tuesday, 03.09.2024, 02:43
Latvian and Lithuanian authorities at odds over Snoras/Krajbanka crisis
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Financial and Capital Market
Commission's head Irena Krumane and
her deputy Janis Brazovskis claim
that the Lithuanian minister's accusations are unfounded, because it was
ensured already on November 16 that no business activity at Krajbanka could take place without the
commission's permission, as the commission's spokeswoman Anna Dravniece told Nozare.lv.
Brazovskis also notes that the Lithuanian central bank has not been able to
maintain proper control over the Lithuanian bank Snoras since this past October, writes LETA.
Simonyte said earlier today that Latvia's delay to halt the operations of Krajbanka had affected stability of both
Krajbanka and Snoras.
Latvia was informed about the Lithuanian central bank's decisions regarding Snoras already last Wednesday, November
16, yet Krajbanka operations were
only limited on Thursday, and all the other sanctions followed later yet.
During this time, certain operations may have taken place at Krajbanka, which definitely did not
contribute to the stability of this bank or Snoras,
said Simonyte.