The Bank of Lithuania

Joint Bank of Lithuania and IMF seminar will focus on FinTech opportunities and risk management

On 10 June 2019 in Vilnius, the Bank of Lithuania, the International Monetary Fund (IMF) and the Ministry of Finance will hold the first joint high-level seminar to share expertise in FinTech and discuss ways to harness its potential and mitigate the...

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Bank of Lithuania issued three electronic money institution licences

The Board of the Bank of Lithuania issued three new electronic money institution licences. 

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Join the consultation on safeguarding electronic money and payment institution customer funds

The Bank of Lithuania has initiated a public consultation, seeking the opinion of payment service providers and users, market experts and public sector representatives on safeguarding customer funds held by electronic money and payment institutions...

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Governors of the Baltic central banks to meet in Riga

During the meeting held in Riga on 31 May, the governors of the central banks of Lithuania, Latvia and Estonia will discuss the economic outlook of the Baltic States, monetary policy-related issues and common regional challenges to the stability and...

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Deposits of Lithuanian residents with credit institutions continued to increase

Balance Sheet of Monetary Financial Institutions, April 2019

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V. Vasiliauskas: Central bank transparency bolsters market and public confidence

Open communication with market participants and the general public enhances the transmission of central bank policies and boosts their credibility, says Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, who is currently on an...

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€140,000 fine imposed on UAB INVL Asset Management

By resolution of the Board of the Bank of Lithuania, UAB INVL Asset Management was imposed a €140,000 fine for two legislative breaches identified during its inspection.

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Regulations on mystery shopping exercises

The Board of the Bank of Lithuania approved the regulations for the assessment of financial market participants through mystery shopping exercises. The exercise might be aimed at assessing financial services or products, including insurance and...

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€200,000 fine for insider dealing

The Supervision Service of the Bank of Lithuania has concluded that Linas Strėlis, member of the board of AB Vilkyškių pieninė and AUGA group, AB, has used inside information to enter into transactions on the acquisition and sale of shares of AB...

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€25 thousand fine for trading during a closed period

The Bank of Lithuania concluded that Julius Kvaraciejus, chairman of the board of AB Pieno žvaigždės, who had indirectly conducted a transaction in the said company’s shares during a closed period, breached the provisions of the EU Market Abuse...

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Bank of Lithuania’s supervisory activities acknowledged as effective by financial market participants

The Bank of Lithuania is a competent and objective institution, conducting effective supervision of the financial market. This view is shared by the absolute majority of the country’s financial market participants who have expressed their opinion in...

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Increased exports of goods led to a decrease in the current account deficit

Balance of Payments of the Republic of Lithuania March 2019

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Nordic and Baltic financial supervisors enhance cooperation to fight money laundering

Heads of the Nordic and Baltic financial supervisors met today in Stockholm. They agreed on measures to enhance the cooperation between the authorities with the aim of fighting money laundering and terrorist financing.

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Bank of Lithuania will promote Open Banking development

The public consultation on Open Banking launched by the Bank of Lithuania drew considerable expert attention and provided constructive feedback. Therefore, the Bank of Lithuania is planning to invite market players for further discussion on specific...

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Although investors found 2018 challenging, the Bank of Lithuania’s investments generated returns

Both in 2018 and over the last three years (2016–2018), the Bank of Lithuania’s financial asset management was successful, earning in returns, respectively, €35.1 million and €53.2 million, or 0.8% and 2.2%. The implemented progressive risk...

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