Latvia Mulling Four Central Bank Candidates, Latvijas Avize Says

(Bloomberg) --

Latvia’s political parties are discussing four candidates to lead the central bank after Ilmars Rimsevics’s term ends in December, Latvia’s Latvijas Avize newspaper reported.

Under consideration are Roberts Zile, a member of the European Parliament, Martins Kazaks, a central bank board member, Uldis Cerps, a former director of the banking regulator, and Karlis Bauze, who previously headed monetary policy at the central bank, Latvijas Avize reported, without saying where it got the information.

Latvia, a euro member since 2014, was plunged into crisis last year when U.S. money-laundering accusations sparked the demise of its No. 3 lender and Rimsevics was charged with bribery. Rimsevics denies wrongdoing and blames a group of commercial banks for his troubles.

To contact the reporter on this story: Aaron Eglitis in Riga at aeglitis@bloomberg.net

To contact the editors responsible for this story: Andrea Dudik at adudik@bloomberg.net, Andrew Langley, Scott Rose

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