Following Saturday's arrest, by the national anti-corruption agency, of the governor of the Latvian Central Bank ABLV, Ilmars Rimsevics, for the first time since the 2014 took over the banking supervision of the euro area, the ECB has used his powers to suspend payments from the Latvian bank.
The payments of the ABLV bank, 3 ° credit institution of the Baltic country, were temporarily frozen by the ECB. This means that, until further notice, it has been imposed and the ban on all payments made on its financial liabilities has entered into force.
The financial situation of ABLV Bank deteriorated sharply after the banking institution in February 13 was accused of being an important international recycling center by the US Treasury Department.
Ilmars Rimsevics was named the 20 December 2001 for the first time and remained at the helm of the Latvian Central Bank for 16 years.
It was his figure who accompanied Latvia in the euro despite the international community and, in particular, France, had strong doubts about the stability of the financial system and of the country, plagued by profound corruption.
In announcing the arrest of Rimsevics, Latvian Prime Minister Maris Kucinskis reassured that "there are no signs of possible risks to Latvia's financial system"And that his government "Will ensure that the Central Bank of Latvia will fully and qualitatively fulfill all the obligations entrusted to the institution".