Official meetings to discuss banking supervision
Starting a two-day visit to the Bank of Lithuania, Danièle Nouy, Chair of the Supervisory Board of the European Central Bank (ECB), will meet with Vytautas Valvonis, Director of the Supervision Service of the Bank of Lithuania, and other representatives to discuss key issues related to banking supervision in Lithuania and the euro area. During her visit, Nouy also plans to meet with the management of banks directly supervised by the ECB and representatives of the Association of Lithuanian Banks.
Lithuania has been participating in the Single Supervisory Mechanism (SSM) since 2015. It comprises the ECB and the national supervisory authorities of the participating countries. Direct supervision of the three largest banks in the country is carried out by the ECB, which relies on the Bank of Lithuania’s staff, resources and experience in performing its daily supervisory functions.