Cooperation should also reflect the significant overlaps and interactions between potential default management, recovery and resolution scenarios and ensure that a core group of authorities from the most affected jurisdictions will be able to assess a CCP’s defences throughout its potential lifecycle in a consistent and coherent manner.
The creation of the fund also implies a historic opportunity for us. Targeted use of the fund’s resources will not only let us contribute to the European cause. The objectives set by Europe provide a good compass if we want to lay a new foundation for a more rapid long-term growth of Lithuania’s economy.