Third: as I have already indicated, central banks should invest time  and  resources  to  have  necessary  awareness  in  developments in ICT. Here, the subject of distributed ledger technologies (DLT), fintechs and crypto-assets comes to mind. Fourth: where practicable, there should be some scope for easing the burden of regulations to allow innovations to be tested.
We took actions. The Bank of Lithuania now has the mandate to shape macroprudential policy. This is a big responsibility and I am confident that we are delivering on the mandate of financial stability. We have a number of well-targeted measures, which, I believe, are doing their job. Had these tools been in place before 2008, the cycle would have been smoother.