While Vejonis is away, Murniece announces controversial amendments to Credit Institutions Law

Acting President of Latvia, Saeima speaker Inara Murniece announced the controversial amendments to the Credit Institutions Law with a publication in the Latvian Herald. These amendments were previously sent back to the Saeima for a repeated review by President Raimonds Vejonis.

After viewing amendments again, the Saeima changed nothing. Vejonis is currently on vacation, so his duties are being performed by Saeima speaker Inara Murniece, who decided to sign the announcement on the declaration of the law.

The aforementioned amendments establish restrictions for becoming an insolvency administrator for a bank. Changes state that a person who was engaged in contractual relations with the institution to be liquidated within a two-year period before announcement of the insolvency process will not be allowed to become an insolvency administrator for said institution.

Even after reviewing amendments for a second time the Saeima decided to support them in the same redaction, without changing a thing. Deputies said conditions that were in place when the Saeima first viewed amendments are no longer in place.

Still, deputies were not unanimous in the vote – only 49 parliamentarians from Harmony, Union of Greens and Farmers, National Alliance and To Latvia from the Heart supported amendments. 20 deputies from Unity, as well as Ilmars Latkovskis and Romans Naudins from the National alliance were against. 15 parliamentarians abstained from the vote.

BNN/LETA

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