Latvia's Rimsevics Regrets Not Reporting a 'Hinted' Bribe

The transcript discusses the topic of bribery, focusing on the handling of hints of impropriety. The speaker reflects on their past experiences, expressing regret for not reporting a hint of bribery. The importance of credibility for a central bank is emphasized, and the speaker considers the implications of their actions in hindsight.

What does the speaker describe as a 'thin ice' situation?

• Being offered a bribe directly

• Receiving a hint of a bribe

• Reporting a bribe

• Ignoring a bribe

Why is the credibility of a central bank considered extremely important?

• It allows for more loans

• It maintains public trust and stability

• It increases interest rates

• It ensures the bank's profitability

What role does the Bank of Latvia have in commercial banking supervision?

• Approving all commercial bank loans

• Setting interest rates for commercial banks

• Direct oversight of all commercial banks

• No involvement in commercial banking supervision

What is the speaker's main regret regarding the hint of impropriety?

• Ignoring the hint completely

• Not accepting the bribe

• Not reporting the hint immediately

• Reporting the hint too late

What could have been a clear action to take when a hint of impropriety was noticed?

• Ignoring the hint

• Reporting the hint immediately

• Waiting for further developments

• Discussing it with colleagues