On January 2, a new unit of the Bank of Lithuania, called the Supervision Service, was launched. It is mandated with supervising all commercial banks and other credit and payment institutions, as well as the securities and insurance markets in Lithuania.
Previously, these functions were performed by the Securities Commission and the Insurance Supervision Commission, as well as the Credit Institutions Supervision Department of the Bank of Lithuania, which are now all defunct.
At the end of Novemb
- James Bullard on 2% rates, tariffs and Fed leadership
- Turkish central bank raises overnight rates in bid to stop lira’s fall
- Next financial crisis “will be brewing” in shadow banking – Bullard
- Policies must change to stop emerging markets crisis, analysts say
- Podcast: David Hendry and John Muellbauer on empirical macro