European Parliament Library

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

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
Table Of Contents
Cover; Contents; I. Introduction; II. Overview; III. BCP Assessment; Principle 1-Objectives, independence, powers, transparency and cooperation; Principles 2-5-Licensing and structure; Principles 6-18-Prudential regulation and requirements; Principles 19-21-Methods of ongoing banking supervision; Principle 22-Accounting and disclosure; Principle 23-Corrective and remedial powers of supervisors; Principles 24-25-Consolidated and cross-border banking supervision; IV. Key Recommendations; Tables; 1. Recommended Action Plan to Improve Observance of Basle Core Principles; V. Authorities' Response
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (20 p.)
Specific Material Designation
Form Of Item

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