The Bank of Latvia recently issued new regulations for credit unions submitting "Calculation of the Reserve Base and Reserve Requirement" reports to ensure compliance with European Central Bank rules.
A credit union must submit its report for the maintenance periods ending April 8, May 13 and June 10, 2014, based on the data of the Monthly Financial Position report of December 31, 2013, by January 10, 2014.
The credit union must also report liabilities to another financial institution as liabilities to MFIs are subject to reserve requirements.
The report must be submitted to the Bank of Latvia in electronic form, and the terms used must reflect the same meaning as defined in the ECB regulations.
- National Bank of Ukraine removes restrictions on foreign-currency transactions, investment metals
- Black Sea Trade & Development Bank visits Azerbaijan to boost business relationships
- VTB Bank finances three new planes for SunExpress airline
- National Bank of Ukraine makes it easier for businesses to invest abroad
- National Bank of Ukraine eases lending regulations for deposit guarantee funds to other banks
- Black Sea Trade and Development Bank, Russian Federal Corp. for SMEs support business growth
- Oleg Demidov named commercial director for Rosbank Factoring
- Eurasian Development Bank sells bonds on Kazakhstan Stock Exchange
- EY World Entrepreneur of the Year event to name world's top entrepreneur
- ACBA-CREDIT AGRICOLE, Microsoft parter for Armenian digital business technology seminar