## 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

**Canonical URL:** [Republic of Lithuania: Financial Sector Assessment Program Update-Technical Note-Basel Core Principles of Effective Banking Supervision Assessment](https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-lithuania-financial-sector-assessment-program-update-technical-note-basel-core-22198)

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## Bibliographic details
- Published: July 23, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451824209.002

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### 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.

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-lithuania-financial-sector-assessment-program-update-technical-note-basel-core-22198_