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

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.
20/06/2011
Approved prospectus of ordinary registered shares of AB Ūkio bankas
On 16 June, 2011, the Lithuanian Securities Commission approved the Prospectus of ordinary registered shares of AB Ūkio bankas.
16/06/2011
Permissions issued to become the manager of a bank a credit union
UAB Medicinos bankas informed the Bank of Lithuania that Ms. Ramunė Rekstienė was appointed as a temporary director of the bank’s Šiauliai branch.
16/06/2011
Central Credit Union of Lithuania was instructed to eliminate shortcomings in its operation
The results of the inspection of the Central Credit Union of Lithuania, which was conducted by the Credit Institutions Supervision Department, were presented to the Board of the Bank of Lithuania.
Records found: 195

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