Republic of Lithuania: Financial Sector Assessment Program Update-Technical Note-Basel Core Principles of Effective Banking Supervision Assessment
IMF Staff Country Reports, July 23, 2008
Source details
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- Republic of Lithuania: Financial Sector Assessment Program Update-Technical Note-Basel Core Principles of Effective Banking Supervision Assessment
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Bibliographic details
- Published: July 23, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451824209.002
Summary of purpose and scope
- This Technical Note presents a targeted review and a follow-up on the implementation of the recommendations of the 2002 assessment of Lithuania’s compliance with the Basel Core Principles for Effective Banking Supervision.
- Publication date: July 23, 2008.
- Series: Country Report No. 2008/246.
- Pages: 18.
Key findings
- Banking supervision arrangements in Lithuania were of a high standard and either fully or largely complied with the Core Principles.
- On one Core Principle, Lithuania was judged to be noncompliant at that time; the noncompliance concerned the lack of explicit legal protection for Bank of Lithuania board members and supervisory staff.
Subject areas and keywords
- Subject: Bank legislation, Bank supervision, Banking, Basel Core Principles, Capital adequacy requirements, Financial regulation and supervision, Operational risk.
- Keywords: Bank legislation, bank share, Bank supervision, Basel Core Principles, BoL staff, Capital adequacy requirements, CR, IRB model, ISCR, licensing regime, Lithuanian bank, managing board, Operational risk, parent bank, validation process.