Since the start of the financial crisis, financial market infrastructures in Europe have worked well and have not in themselves added to financial instability. In short, throughout the crisis, the ECB has complied with its Treaty mandate to “promote the smooth operation of payment systems”.2 This is especially true for LVPS, which have had to cope with major challenges.
Deciding the best way forward when circumstances are rapidly changing and the future is clouded by enormous uncertainty is a task which no computer is able to cope with, today or quite possibly ever. It is thus my firm conviction that, in a hundred years' time, there will still be some central bankers around to gather and celebrate two hundred years of Lietuvos bankas.