IMF Staff Country Reports

Republic of Lithuania: Financial Sector Assessment Program Update-Technical Note-Basel Core Principles of Effective Banking Supervision Assessment

Publication Date:

July 23, 2008

Electronic Access:

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Summary:

This Technical Note presents a targeted review and a follow-up on the implementation of the recommendations of the 2002 assessment of Lithuania’s compliance with the Basel Core Principles for Effective Banking Supervision. It was found that banking supervision arrangements in Lithuania were of a high standard and either fully or largely complied with the Core Principles. On one Core Principle, Lithuania was judged to be noncompliant at that time, which concerned the lack of explicit legal protection for Bank of Lithuania board members and supervisory staff.

Series:

Country Report No. 2008/246

Subject:

Bank legislation Bank supervision Banking Basel Core Principles Capital adequacy requirements Financial regulation and supervision Operational risk