Lithuania : Financial Sector Assessment

A joint International Monetary Fund (IMF)-World Bank Financial Sector Assessment Program (FSAP) mission visited Lithuania during November 4-15, 2001 to undertake an assessment of the financial sector. The principal objective of the mission was to a...

Full description

Bibliographic Details
Main Author:	World Bank
Format:	Financial Sector Assessment Program (FSAP)
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCESS TO FINANCING ACCOUNTABILITY ACCOUNTING ADVERSE EFFECTS AFFILIATES ARREARS ASSET MANAGEMENT AUDITING AUDITS BANK CREDIT BANK LENDING BANK LOANS BANKING LEGISLATION BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKRUPTCY BENEFICIARIES BOND BOND MARKETS BORROWER BROKERAGE BROKERAGE FIRMS BROKERS BUDGETARY AUTONOMY CAPACITY CONSTRAINTS CAPITAL FLOWS CAPITAL MARKET CAPITAL MARKETS CAPITALIZATION CENTRAL BANKS CENTRAL SECURITIES DEPOSITORY COMMERCIAL BANKS CONSOLIDATED SUPERVISION CONSOLIDATION CONSUMER PROTECTION CORPORATE BORROWERS CORPORATE GOVERNANCE CREDIT EXPOSURES CREDIT FACILITY CREDIT GROWTH CREDIT INSTITUTIONS CREDIT UNIONS CREDITOR CREDITOR RIGHTS CREDITWORTHINESS CROSS-BORDER TRANSACTIONS CURRENCY CURRENCY BOARD CURRENCY BOARD ARRANGEMENT CURRENT ACCOUNT DEFICIT DEBT DEBT SECURITIES DEBT SERVICE DEGREE OF TRANSPARENCY DEPOSIT DEPOSIT INSURANCE DEPOSITS DERIVATIVES DOMESTIC BANKS DOMESTIC CREDIT DOMESTIC FINANCIAL MARKETS DOMESTIC SECURITIES ELECTRONIC COMMUNICATIONS EQUITIES EQUITY SECURITIES EXPOSURE EXPOSURES FAIR VALUE FEDERAL RESERVE FEDERAL RESERVE BANK FEDERAL RESERVE BANK OF NEW YORK FEE INCOME FINANCIAL CONGLOMERATES FINANCIAL MARKETS FINANCIAL POLICIES FINANCIAL RESTRUCTURING FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCIAL SYSTEM STABILITY FISCAL DISCIPLINE FOREIGN BANKS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVE FOREIGN FINANCIAL INSTITUTIONS FOREIGN INDEBTEDNESS FOREIGN INVESTORS FRAUD GOVERNMENT DEBT GOVERNMENT DEBT SECURITIES GOVERNMENT SUPPORT GROSS SETTLEMENT SYSTEM HARMONIZATION HOLDINGS HOME COUNTRY HOUSEHOLD INCOME HOUSING HOUSING FINANCE HUMAN RESOURCES ILLIQUIDITY INFORMATION TECHNOLOGY INITIAL PUBLIC OFFERINGS INSOLVENCY REGIME INSTITUTIONAL INFRASTRUCTURE INSTITUTIONAL INVESTORS INSURANCE INSURANCE ACTIVITY INSURANCE COMPANIES INSURANCE INDUSTRY INSURANCE MARKETS INSURANCE POLICIES INSURANCE PREMIUMS INSURANCE PRODUCTS INSURERS INTERESTS OF INVESTORS INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL FLOWS INTERNATIONAL STANDARDS JURISDICTIONS LAWS LEGAL FRAMEWORK LEGAL PROTECTION LENDER LIFE INSURANCE LIFE INSURANCE COMPANIES LIFE INSURANCE PREMIUMS LIQUID INSTRUMENTS LIQUIDATION LIQUIDITY LOAN LOAN CLASSIFICATION LOAN PORTFOLIOS LOAN QUALITY MACROECONOMIC POLICIES MAJORITY SHAREHOLDERS MARKET CAPITALIZATION MARKET INFRASTRUCTURE MINIMUM RESERVE REQUIREMENTS MINORITY SHAREHOLDER MINORITY SHAREHOLDER RIGHTS MONEY LAUNDERING MORTGAGE LENDING MORTGAGE LOAN MORTGAGE LOAN PORTFOLIOS NATIONAL STOCK EXCHANGE NEW PRODUCTS PAYMENT SYSTEM PAYMENT SYSTEMS PENSION PENSION FUNDS PENSION REFORM PERIODS OF STRESS POOR ASSET QUALITY PRIVATE PENSION PRIVATIZATION PRIVATIZATIONS PROTECTION OF MINORITY SHAREHOLDERS PROVISIONING RULES PRUDENTIAL REGULATION PRUDENTIAL REQUIREMENTS PUBLIC COMPANIES PUBLIC DEBT RAPID GROWTH REAL ESTATE REGIONAL INTEGRATION REGULATOR REGULATORY AGENCIES REGULATORY AGENCY REGULATORY FRAMEWORK RESERVE RESERVE BANK RESERVE BANK OF NEW ZEALAND RESERVE REQUIREMENTS RESERVES RESIDENTIAL MORTGAGE RISK MANAGEMENT RISK MANAGEMENT SYSTEMS SAFETY NETS SECURITIES SECURITIES MARKET SECURITIES MARKET LAW SECURITIES MARKETS SECURITIES REGULATION SECURITIES TRANSACTIONS SETTLEMENT SETTLEMENT SYSTEM SHAREHOLDER SMALL INVESTORS SOLVENCY STOCK EXCHANGES SUBSIDIARIES SUPERVISION OF BANKS SUPERVISORY AGENCY SUPERVISORY AUTHORITIES SYSTEMIC RISK TAX TRACK RECORD TRADING TRANSACTION TRANSITION ECONOMIES TURNOVER VALUATION VALUATION STANDARDS VALUE OF COLLATERAL
Online Access:	http://documents.worldbank.org/curated/en/2002/06/17086564/lithuania-financial-sector-assessment http://hdl.handle.net/10986/12635

Description
Summary:	A joint International Monetary Fund (IMF)-World Bank Financial Sector Assessment Program (FSAP) mission visited Lithuania during November 4-15, 2001 to undertake an assessment of the financial sector. The principal objective of the mission was to assist the authorities in identifying potential vulnerabilities in the Lithuanian financial system and obstacles to its future development. Financial activity is likely to grow markedly in years to come, but a large share of the intermediation of saving and investment will not take place locally, but will instead involve a specific pattern of domestic and cross-border financial activity. Institutions in the Lithuanian financial system comprise banks, leasing companies, insurance companies, and securities firms. The insurance sector is small but likely to develop significantly in the years ahead. The payment system handles only a limited number of transactions and has shown itself to be robust in previous periods of stress. The Lithuanian financial system is likely to undergo significant further development and change, driven mainly by stepped-up domestic financial system reform and the increasing integration among financial markets in Lithuania and other countries in Europe. Lithuania appears committed to fighting money laundering and terrorist finance. Controls on money laundering in the insurance and securities sectors fall well short of those in the banking sector.

Lithuania : Financial Sector Assessment

Similar Items