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At the beginning of each current year, the Bank of Lithuania publishes a routine inspection plan with the aim of ensuring full transparency as well as more smooth and constructive cooperation between supervisory units of the Bank of Lithuania and financial market participants. Announcing inspections in advance also serves as a preventive measure: financial institutions assess potential operational shortcomings and eliminate them in advance. This results in a much faster and more efficient inspection process.
In addition to routine inspections, taking into account market participants’ operational changes or their complaints and having assessed risks, the Bank of Lithuania also conducts inspections that are not pre-announced. Inspections of banks directly supervised by the European Central Bank (ECB) might be also carried out in cooperation with ECB experts.
Regulations on inspections carried out for the purposes of financial market supervision approved by Resolution No 03-188 of the Board of the Bank of Lithuania of 25 October 2021 on the approval of regulations on inspections carried out for the purposes of financial market supervision of the Bank of Lithuania can be found here (134.3 KB download icon).
- Financial market participant inspection plan for 2023 (97.6 KB download icon)
- Financial market participant inspection plan for 2022 (73.3 KB download icon)
- Financial market participant inspection plan for 2020 (85.3 KB download icon).