RIGA, July 12 (Xinhua) -- A tender has been called in Latvia to select a new head of the Baltic country's financial supervisory authority, the Financial and Capital Market Commission (FCMC), shows an announcement published in the government gazette on Friday.

The FCMC needs a new head after chief banking supervisor Peters Putnins and his deputy Gunta Razane tendered resignation on July 4.

Apart from excellent financial education, the next FCMC is expected to have impeccable reputation and meet the requirements for security clearance necessary to access classified information, according to the government's announcement. A commission chaired by State Chancellery director Janis Citskovskis will assess the candidates in three rounds of the tender.

Finance Minister Janis Reirs said on public television Friday that a number of potential candidates who are currently working in international institutions have been offered to take part in the competition.

The people approached on the matter include professionals working in the World Bank (WB), the European Bank for Reconstruction and Development (EBRD) and the private sector.

The government plans to pick the new banking supervisor by October 1, 2019.

In the meantime, Kristine Cernaja-Mezmale, head of the FCMC monetary financial institutions operations analysis division, has been appointed acting FCMC chief. Enditem

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