Bank of Lithuania
  • Conducts oversight of the financial market infrastructure
  • Provides proposals on financial market infrastructure and payment instruments policies
  • Coordinates the implementation of Eurosystem-related payment and financial market infrastructure projects
  • Ensures the operation of CENTROlink, TARGET2-LIETUVOS BANKAS and related systems

Algirdas Neciunskas, Director of the Market Infrastructure Department

The mission of the Market Infrastructure Department is to promote the sound and efficient operation of payment and securities settlement systems as well as to create an advanced payments market through the oversight of the financial market infrastructure, establishment of payment instruments policy, efficient administration and development of the Bank of Lithuania’s payment systems and related market infrastructure.

In conducting oversight of the financial market infrastructure, the Market Infrastructure Department administers the payment and securities settlement systems, manages and publishes data, develops and applies financial market infrastructure risk monitoring, analysis and assessment tools.

The Market Infrastructure Department develops and submits proposals on financial market infrastructure and payment instruments policies and measures for their implementation as well as other issues related to policies and oversight of the financial market infrastructure and payment instruments, payment system administration, development and innovation.

In promoting the sustainable and efficient operation and further development of payment and securities settlement systems, the Department provides legal and organisational conditions for sound and effective operation of the Bank of Lithuania’s and Eurosystem’s payment and related systems, develops and submits proposals on the promotion and implementation of innovation in the payment and financial market infrastructure fields.

The Market Infrastructure Department is responsible for ensuring the continuous and smooth operation of the Bank of Lithuania’s payment and related systems, their timely and proper updates and provision of consultation to their existing and potential participants.

The financial market infrastructure managed by the Market Infrastructure Department and its consulting services ensure the rapid development of FinTech and advanced payment instruments in Lithuania.

Last update: 21-06-2019