The reform calls for transferring the regulation of quick loan firms, leasing companies, and other lending companies from the PTAC to the Latvian Central Bank (Bank of Latvia), which already supervises commercial banks. If the Saeima does not pass the 13 related bills at least in the first reading by the summer recess, it may not be possible to do so before the elections.
"If this vote does not take place on June 18, then I can say with 100% certainty that this issue will not be re...