The Head of the Bank of Lithuania, with representatives of London City, will discuss European initiatives in the financial sector
The Chairman of the Board of the Bank of Lithuania, Vitas Vasiliauskas, on Wednesday will meet with a delegation headed by Lord Roger Gifford, Mayor of London City, one of the main financial centres in the world.
During the meeting it is planned to discuss the banking union and issues of its general supervision—they will be among the most important EU financial realities during Lithuania's Presidency of the Council of the European Union.
The Head of the Bank of Lithuania, during the meeting, also plans to talk about the initiative to charge financial transactions, which has been an issue under much discussion recently. In the opinion of V.Vasiliauskas, in discussing the financial transaction tax it is necessary to appropriately evaluate the possible effect of such a tax on the financial markets of Europe. As assessed by the Bank of Lithuania, the goals of this initiative can be reached only by implementing it at the international, not regional level.
The Mayor of London City is also interested in the development perspective of the Lithuanian financial sector and the possible contribution of the world’s financial centre in the development of banking services in our country.
The district of London City is one of the world's main commercial and financial centres, it is the location of the Bank of England and large commercial banks, which are important partners of the Bank of Lithuania in managing the country’s foreign reserves.