Plans for routine inspections have been published by the Bank of Lithuania since 2017 to ensure smoother and more constructive cooperation between the supervisory authority 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 and taking into account market participants’ operational changes or complaints and risks, the Bank of Lithuania also conducts inspections that are not pre-announced. Inspections of banks directly supervised by the European Central Bank might also be carried out (in cooperation with experts from the European Central Bank).