The Financial and Capital Market Commission (FCMC) is an autonomous public institution the duty of which is to supervise Latvian Banks, insurance companies, the participants of financial instruments market and private pension funds. The role of the Financial and Capital Market Commission is to protect the interests of investors, depositors and insured persons. The Commission ensures accumulation and management of the funds in the Deposit Guarantee Fund, oversees the bank sector in order to monitor daily liquidity positions and the risks of Latvian banks.
The Financial and Capital Market Commission commenced its activities in July 2001. It is comprised of three departments — Supervision Department, Legal and Licensing Department and Regulations and Statistics Department.