World Bank2013-10-012013-10-012008-06https://hdl.handle.net/10986/15954This Financial Sector Assessment (FSA) summarizes the key findings and recommendations of the 2007 Financial Sector Assessment Program (FSAP) update report for the Republic of Lithuania. The FSA, which focuses on developmental issues, should be read together with the Financial System Stability Assessment (FSSA) in order to get a full overview of the findings and recommendations of the 2007 Republic of Lithuania FSAP update. The FSAP update team noted progress since the 2002 banking sector vulnerability assessment, and evaluated regulatory and supervisory challenges for the banking and non-banking sectors; cross-border arrangements, safety nets, crisis management preparedness; the pension reform, and capital market development.en-USCC BY 3.0 IGOAMORTIZATIONARBITRAGEASSET MANAGEMENTASSET MANAGERASSET QUALITYBAILIFFSBALANCE SHEETBANK BRANCHESBANK CREDITBANK FINANCINGBANK LENDINGBANK PROFITABILITYBANKING INSTITUTIONSBANKING SECTORBANKING SECTOR ASSETSBANKING SECTORSBANKING SYSTEMBANKRUPTCYBANKRUPTCY LAWBONDBORROWERBROAD MONEYBROKERBROKERAGEBROKERAGE FIRMSBROKERAGESBROKERSCAPITAL ADEQUACYCAPITAL BASECAPITAL MARKETCAPITAL MARKET DEVELOPMENTCAPITAL MARKETSCAPITAL REQUIREMENTSCENTRAL BANKCENTRAL BANKSCENTRAL SECURITIES DEPOSITORYCIVIL CODECOLLATERALCOLLECTIVE INVESTMENTCOMMERCIAL BANKSCOMMERCIAL BANKS CREDITCONSUMER PROTECTIONCORPORATE BONDSCORPORATE GOVERNANCECORPORATE INSOLVENCYCREDIT GROWTHCREDIT LINESCREDIT RATINGSCREDIT RISKCREDIT UNIONSCREDITORCREDITOR RIGHTSCREDITORSCURRENCYCURRENCY BOARDCURRENCY BOARD ARRANGEMENTCURRENT ACCOUNT DEFICITDEBT SECURITIESDEFAULTSDEPOSITDEPOSIT INSURANCEDEPOSIT MONEY BANKSDEPOSITSDEPOSITS BANKDERIVATIVESDOMESTIC BANKSDOMESTIC MARKETEQUIPMENTSEQUITIESEQUITY INVESTMENTSEQUITY MARKETEXCHANGE RATEEXTERNAL DEBTEXTERNAL DEFICITFAIR VALUEFINANCIAL ASSETSFINANCIAL CRISISFINANCIAL DISTRESSFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL INSTRUMENTSFINANCIAL MARKETFINANCIAL MARKET PARTICIPANTSFINANCIAL MARKETSFINANCIAL SECTOR INDICATORSFINANCIAL STABILITYFINANCIAL SYSTEMFISCAL DEFICITSFLOATING RATEFOREIGN BANKFOREIGN BANKSFOREIGN CAPITALFOREIGN CURRENCYFOREIGN CURRENCY DEBTFOREIGN CURRENCY LOANSFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN EXCHANGE RISKFOREIGN FINANCINGFOREIGN INTERESTFOREIGN INVESTORSFUND MANAGEMENTFUND MANAGERFUND MANAGERSGOVERNANCE ISSUESGOVERNANCE STANDARDSGOVERNMENT DEBTGROSS DOMESTIC PRODUCTHOLDINGHOUSING FINANCEINCOME TRADINGINDEBTEDNESSINFLATIONINFLATIONARY PRESSURESINSIDER DEALINGINSIDER TRADINGINSOLVENCY REGIMEINSURANCEINSURANCE COMPANIESINSURANCE COMPANYINSURANCE PREMIUMSINTEREST RATEINTERNATIONAL STANDARDSLEGAL FRAMEWORKLEGAL PROTECTIONLEGAL REFORMSLENDERLIABILITYLIFE INSURANCELIFE INSURANCE COMPANIESLIQUID ASSETSLIQUIDATIONLIQUIDITYLIQUIDITY POSITIONSLIQUIDITY RATIOLIQUIDITY RISKLOANLOAN CLASSIFICATIONLOAN PORTFOLIOLOAN PORTFOLIOSLOANS TO ENTERPRISESLOCAL INFRASTRUCTURELONG-TERM DEBTLONG-TERM INTERESTLONG-TERM INTEREST RATESMACROECONOMIC RISKSMARKET CONDITIONSMARKET FINANCEMARKET INSTRUMENTSMARKET INTERMEDIARIESMARKET PARTICIPANTSMARKET RISKMARKET RISKSMARKET SURVEILLANCEMATURITIESMATURITYMONETARY AUTHORITIESMORTGAGEMORTGAGE LOANSMUNICIPAL BONDSNATIONAL STOCK EXCHANGENON-PERFORMING LOANNONPERFORMING LOANNONPERFORMING LOANSNPLOWNERSHIP STRUCTUREPENSIONPENSION FUNDPENSION FUNDSPENSION REFORMPENSION SYSTEMPENSIONSPLEDGE LAWPLEDGESPORTFOLIOPORTFOLIO ALLOCATIONPORTFOLIO INVESTMENTPORTFOLIO RISKPRIVATE SECTOR CREDITPROVISIONING RULESPUBLIC SECTOR DEBTREAL ESTATE LENDINGREAL ESTATE LOANSREGULAR PAYMENTSREGULATORY FRAMEWORKRESERVERESERVE REQUIREMENTRESERVESRESIDENTIAL MORTGAGERESIDENTIAL MORTGAGESRETURNRETURN ON ASSETSRETURNSRETURNS ON EQUITYRISK EXPOSURERISK FACTORSRISK MANAGEMENTSAFETY NETSSECURITIESSECURITIES LAWSECURITIES MARKETSECURITIES MARKETSSECURITY INTERESTSSETTLEMENTSHAREHOLDERSHAREHOLDERSSHORT-TERM DEBTSHORT-TERM EXTERNAL DEBTSOVEREIGN RATINGSTOCK EXCHANGESTOCK EXCHANGESSTOCK MARKETSTOCK MARKET INDEXSUPERVISORY AGENCIESSUPERVISORY AUTHORITIESSUPERVISORY AUTHORITYSUPERVISORY BOARDTAXTRANSACTIONTRANSPARENCYTURNOVERVALUATIONVARIABLE INTEREST RATESVARIABLE RATESWITHDRAWALWorld Bank10.1596/15954