•  These policies were and continue to be strongly supported by the tight monetary policy pursued by the Bank of Latvia. For more than 5 years, the cornerstone of this policy has been and continues to be exchange rate stability.
The decisions regarding their liquidation and the use of public funds do not fall under our remit, but everything was done in accordance with European rules. Of course, there are lessons to be learnt, but let‘s not lose sight of the bigger picture. From now on, it will be possible to close down banks when they are no longer viable.