Unknown Sponsor Bank
Lithuania
The Bank of Lithuania (Lietuvos bankas) has introduced dedicated supervisory contact persons for selected Electronic Money Institutions and Payment Institutions. The initiative aims to strengthen regulatory dialogue, improve communication efficiency, and ensure more consistent supervisory expectations across institutions. Institutions with assigned contacts are expected to engage proactively with their supervisors. The model is likely to expand, and closer continuous supervision is expected to lead to earlier identification of issues and faster escalation where remediation is insufficient. This represents a structural shift toward more hands-on supervision of the EMI/PI sector in Lithuania.
Verified from source: Lietuvos bankas introduced dedicated supervisory contact persons for selected EMIs and PIs to strengthen regulatory dialogue and improve supervisory consistency, as referenced in the May 2026 RegRally Insights edition under 'Dedicated Supervisory Contacts for EMIs and PIs'.
- More proactive and continuous supervision may lead to faster identification of compliance gaps at BaaS-relevant EMIs and PIs
- Lithuanian-licensed EMIs and PIs should prepare for increased direct engagement with regulators
- This supervisory model could be adopted by other EU/EEA national regulators overseeing fintech-adjacent institutions