All in all, notwithstanding the measures that have been taken by the Eurosystem and governments to stabilise the euro area financial system and in spite of the recent recovery in the equity prices of most major banks, policy-makers and market participants will have to be very alert in the period ahead.
Distinguished Guests, Lietuvos bankas is pleased to organize this Centenary Conference in cooperation with our colleagues from the Bank for International Settlements (BIS), an institution that serves as a central bank for central banks. Lietuvos bankas' relationship with the BIS is almost as old as both these institutions! The BIS commenced operation in 1930, and in March of 1931, Lietuvos bankas became its shareholder.