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Amendment to the of the Rules on the Supervision of Foreign Bank Branches Operating in the Republic of Lithuania

Taking account of the new EU directives, the Board of the Bank of Lithuania supplemented the Rules on the Supervision of Foreign Bank Branches and Cooperation with the Supervisory Authorities of Other EU Member States in Conducting the Supervision...

Amendment to Procedure of Recognition of External Credit Risk Assessment Institutions

The Board of the Bank of Lithuania amended the procedure of recognition of external credit risk assessment institutions taking account of the new EU directives.

Amendment to the Publicly Disclosed Information Requirements

Taking account of the new EU directives, the Board of the Bank of Lithuania amended the requirements for publicly disclosed information.

Amendment to the Rules for the Calculation of Own Funds of Payment Institutions

The Board of the Bank of Lithuania amended the Rules for the Calculation of Own Funds of Payment Institutions.

Amendments were made to the General Regulations for the Calculation of Capital Adequacy and other related documents

The Board of the Bank of Lithuania amended the General Regulations for the Calculation of Capital Adequacy. The amendments were made with regard to the new European Union (EU) directives. Another three documents were amended accordingly: The...

Two documents supplemented

The Board of the Bank of Lithuania supplemented the General Provisions for the Internal Capital Adequacy Assessment Process and General Provisions for the Supervisory Review and Evaluation Process. The amendments were made taking into account new...

Regarding General Provisions for the Calculation of Capital Adequacy Rules

The Board of the Bank of Lithuania decided to change the General Provisions for the Calculation of Capital Adequacy that define requirements for exposures to transferred credit risk. This was done in view of new recommendations given by the...

Amendments to the Provisions for the Organisation of Internal Control and Risk Assessment (Management)

The Board of the Bank of Lithuania changed the Provisions for the Organisation of Internal Control and Risk Assessment (Management) approved on 25 September 2008. In view of the fact that currently the international supervisory practice focuses on...

Amendments to rules

The Board of the Bank of Lithuania made changes to the requirements for the supervision of foreign bank branches and cooperation with supervisory institutions of other EU Member States during the branch supervision. They were supplemented with...

Bank of Lithuania fires Ramonas, head of credit institutions supervision department

The Governor of the Bank of Lithuania ordered to take a disciplinary action against Kazimieras Ramonas, head of the Credit Institutions Supervision Department, which includes dismissal of the latter for a severe infringement of labour discipline.

General Provisions for the Calculation of Capital Adequacy amended

The Board of the Bank of Lithuania amended the General Provisions for the Calculation of Capital Adequacy taking into account the amendments to the Republic of Lithuania Law on Financial Institutions and the Republic of Lithuania Law on Banks...

The Bank of Lithuania is taking initiative to strengthen the protection of bank secret

The Bank of Lithuania recognized that the legal regulation of bank secret in the country is not sufficiently clear, and the legal gaps create preconditions for a different interpretation of the requests to provide such information.

AB “Žemaitijos pienas” fined for late notification of manager of issuer’s transaction

The Board of the Bank of Lithuania examined the protocol of violation drawn up against AB “Žemaitijos pienas” and fined the latter with LTL 1000 for late notification of the transaction concluded by manager of the issuer A. Pažemeckas today.

Regarding acquisition by EBRD of the qualifying holding in the authorised capital / voting rights AB Bank Citadele

The Board of the Bank of Lithuania does not object to the acquisition by European Bank for Reconstruction and Development (EBRD) of the qualifying holding in the authorised capital / voting rights AB Bank Citadele. This was the stance of the board...

The inspection results of AB “Citadele” bankas and results of supervisory review and assessment

The Credit Institutions Department of the Bank of Lithuania carried out a target inspection of AB “Citadele” bankas (the former name - PAREX BANKAS). Today, the Board of the Bank of Lithuania discussed the results of the inspection.

Information on the results of credit union inspections in the third quarter of 2010

The Board of the Bank of Lithuania was presented the information of the Credit Institutions Supervision Department on the results of credit union inspections in the third quarter of 2010. During this period full-scope inspections were conducted in...

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