In July 2012, after consultation with banks, I sent to the Ministry of Finance and Economic Development (MOFED) a Deposit Insurance Bill for  18  BIS central bankers’ speeches  submission to Parliament. In October 2013, I again approached the MOFED to bring the proposed Bill before Parliament. I am still awaiting a response from them.
The COVID-19 pandemic offered an opportunity for firms to become more digital. Demand for electronic services rapidly increased, creating perfect conditions for expansion of electronic payment service providers. Growth in electronic payments created value in the Lithuanian financial sector. For instance,  one of the Lithuanian payments start-ups recently attracted an impressive 65 mln US dollar Series A funding.