Regulatory Alerts2024-02-16
Regulation on Compiling and Submitting Statistical Data on Loan Write-Offs and Securities Price Revaluations
Latvijas Banka issued Regulation No 219 to establish the requirements and procedures for credit institutions to compile and submit statistical data on loan write-offs and securities price revaluations. The regulation mandates that reporting agents submit this data electronically within seven business days following the end of each calendar month, with specific rules for calculation and currency conversion. This regulation repeals the previous Regulation No 134 and takes effect on 1 January 2023 to support the central bank's financial statistics and monetary policy tasks.
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