The Financial and Capital Market Commission (FCMC) has developed a roadmap for a sustainable financial sector in Latvia to clarify the financial sector supervisor’s expectations of the financial and capital market participants’ position and action in the area of identification and management of sustainability risks.
The roadmap will be used as a basis for assessing the current situation in Latvia’s financial and capital markets, as well as explaining the general direction of sustainability and sustainable finance.
The steps covered by the roadmap will facilitate the development of regulatory framework for sustainability and contribute to the ongoing work on the inclusion of sustainability risks in the annual risk assessment processes by financial market participants.