Our macroprudential policy stance has complemented the broader response package implemented by the Bank of Lithuania. For instance, banks were allowed to temporarily operate below the level of capital by the Pillar 2 guidance and below the liquidity coverage ratio.
We also approved of the moratoria signed by banks operating in Lithuania on the temporary postponement of credit commitments for private individuals and non financial corporations. The government implemented a variety of measures related to the financial sector as well – in some cases cooperating with the central bank.