Republic of Lithuania: Financial Sector Assessment Program Update-Technical Note-Basel Core Principles of Effective Banking Supervision Assessment

July 23, 2008

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Format: Chicago

Republic of Lithuania: Financial Sector Assessment Program Update-Technical Note-Basel Core Principles of Effective Banking Supervision Assessment, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Summary

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. It was found that 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, which concerned the lack of explicit legal protection for Bank of Lithuania board members and supervisory staff.

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

Publication Details

Pages:

18
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/246
Stock No:

1LTUEA2008005
ISBN:

9781451824209
ISSN:

1934-7685

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