DELFI / Tomas Vinickas
The president, taking into consideration recommendations by the European Systemic Risk Board, has proposed amendments to the law which would regulate how information relevant to Lithuania’s financial stability should be provided to other institutions. Currently, according to the law adopted by the Seimas, there are no amendments that would ensure sufficient security of transferring information relevant to Lithuania’s financial stability.
Grybauskaitė has proposed that the Bank of Lithuania provide information on the financial system stability to the Seimas, if it issues a justified request.
The European Systemic Risk Board’s recommendations noted the importance of confidential information protection and stressed that the Bank of Lithuania has to employ certain measures to ensure confidentiality of information received from various state institutions, participants of the financial markets as well as other entities and organisations.
Previously, the Seimas had not consulted the European Central Bank when adopting the amendments.
Kęstutis Budrys, the President's Senior Adviser, who has been nominated for the post of Minister…
In the heart of Bulgaria, the city of Plovdiv reveals a rich tapestry of ancient…
"We can shout very loudly, but it won't change the position of the American people,"…
From mocking messages flooding social networks to harsh criticism from political experts, the decision of…
Republic Day has been celebrated in Kazakhstan as the main national date since 2022, giving…
According to Lrytas.lt, the North Atlantic Treaty Organisation (NATO) faces a new geopolitical reality with…