Republic of Lithuania: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, Insurance Regulation, and Payment Syste

Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, Insurance Regulation, and Payment Systems

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Volume/Issue: Volume 2002 Issue 019
Publication date: February 2002
ISBN: 9781451824049
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Topics covered in this book

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Banks and Banking , Finance , Money and Monetary Policy , ISCR , CR , central bank , financial system , risk management , bank director , banking system , broad money , capital ratio , credit union , monetary policy , Commercial banks , Insurance , Payment systems , Insurance companies , Bank supervision , Europe , Eastern Europe

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Summary

This paper presents key findings of the Financial System Stability Assessment for the Republic of Lithuania, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, Insurance Regulation, and Payment Systems. There appear to be no immediate threats to the stability of the bank-dominated financial system, owing to sound macroeconomic policies in the context of the currency board arrangement, vigorous structural and legal reforms in preparation for accession to the European Union, and strong banking regulation and supervision.

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