Supervision

Within the range of its competence, the Bank of Lithuania seeks to ensure the security, soundness, transparency and competitiveness of the domestic system of financial services. An efficient financial market participants’ supervision system, which complies with international practices, has been created in our country. This is the assessment of such a highly competent global financial institution as the International Monetary Fund. The Bank of Lithuania issues licences to financial market participants for the provision of financial services and supervises their activities. As a supervisory authority, the Bank of Lithuania monitors the compliance of financial market participants with laws and requirements set by legal acts of the Bank of Lithuania, International Financial Reporting Standards, requirements recommended by international organisations for safe and sound activities. The Bank of Lithuania also investigates disputes between consumers and supervised institutions and provides recommendations on how, according to the Bank of Lithuania, a particular dispute between a consumer and a financial institution should be settled. Read more

28/07/2011
Šiaulių bankas receives permission to increase share capital
The Board of the Bank of Lithuania gave permission to Šiaulių bankas to register amendments to its Articles of Association in relation to the LTL 30 million increase of the bank’s authorised capital...
28/07/2011
Failure to comply with requirements when appointing an institution head
The Board of the Bank of Lithuania pointed out to UAB "Mokėjimo terminalų sistemos" its failure to comply with established requirements when appointing the head of the payment institution.
28/07/2011
Payment institution licences to "Virtualių paslaugų operatorius" and "Omnitel"
The Board of the Bank of Lithuania decided to issue another two payment institution licenses. So far a total of 13 undertakings have been issued licenses for provision of payment services.
21/07/2011
Acting as a union head is allowed
The Bank of Lithuania received a request of the credit union “Vilniaus  kreditas” for a permission to Mrs Jūratė Černiauskienė to become...
21/07/2011
A new credit union is being established
The Board of the Bank of Lithuania allowed the establishment of a credit union “Amber”.
21/07/2011
AB “Citadele” bankas was instructed to remove operational deficiencies
The Board of the Bank of Lithuania was presented information by the Credit Institutions Supervision Department on the inspection results of AB “Citadele”bankas.
15/07/2011
Approved Šiaulių bankas AB Base prospectus for issuing non-equities
On 14 July, 2011, the Lithuanian Securities Commission approved Šiaulių bankas AB Base prospectus for issuing non-equities.
12/07/2011
Submitted information on inspection results of the operation of credit unions
The Credit Institutions Supervision Department submitted information to the Board of the Bank of Lithuania on the results of the inspection of credit unions conducted in the second quarter of this year.
23/06/2011
Credit unions allowed to directly participate in the payment systems LITAS
The amendments to the Rules of Operation of the Payment System LITAS-RSL and of the Retail Payment System LITAS-MMS approved by the Board of the Bank of Lithuania today allow credit unions to become participants in the systems.
23/06/2011
AB DnB NORD Bankas instructed to remove operational deficiencies
The Board of the Bank of Lithuania discussed the results of the inspection of AB DnB NORD Bankas.
Records found: 198

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