Corruption in Latvia Latvia will ask the European Central Bank not to renew the mandate of ECB Governing Council member Ilmārs Rimšēvičs, the head of the central Bank of Latvia since 2001, amid an ECB payment moratorium and an U.S. graft investigation into Latvia's third-largest lender, ABLV. On 19 January, Rimšēvičs was released on bail. Sources: Bloomberg