Republic of Lithuania: Financial System Stability Assessment: Update

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2008 Issue 137

Publication date: April 2008

ISBN: 9781451824162

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Public Finance , ISCR , CR , bank , BoL , parent bank , capital base , IRB model , liquidity position , banking sector , presents challenge , entity basis , Stress testing , Pension spending , Credit risk , Commercial banks , Foreign banks , Global

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Summary

Lithuania’s catch-up toward the European average has been impressive. This success has been coupled with the emergence of macroeconomic imbalances. The dominance of foreign-owned banks in the banking system constitutes both a source of strength and risk. Although stress tests indicate that the banking system is reasonably resilient to macroeconomic shocks, existing capital buffers might not be sufficient to cope with low probability extreme events, and strengthening the capital would be advisable. The government implemented a regulatory framework for Nonbank Financial Institution (NBFI) and a pension reform.