The banking system’s diversity allows the United States to have the world’s most innovative and entrepreneurial economy, in large part, because both small and large firms are able to obtain the funding they need. The reforms I propose will promote fairness in our banking system. Fundamental principles are not anti-business. On the contrary, my recommendations are more pro-business than the current regulatory framework.
And that is not all. Next year Lithuania is planning to launch a 16+1 FinTech Coordination Centre. Operating in our capital city Vilnius, this centre will strive to involve decision makers, regulators, members of the academia, the civic society and industry representatives. Its key goal will be to facilitate continued dialogue and circulation of knowledge among the 16+1 countries regarding innovations in financial services.