Lithuanian market watchdogs sign supervision pact

Lithuania's central bank, the securitities comission and insurance watchdog signed on Dec 22 a cooperation deal aimed at cementing supervision of the country's financial sector. "To achieve maximum supervision efficiency we need to concentrate the efforts of all the financial market watchdogs," central bank Governor Reinoldijus Sarkinas told a news briefing. Under the agreement all three institutions will exchange essential information on insurance, secutities and banking activities.

To continue reading...