Named the biggest risk for the Lithuanian financial system

The biggest risk to the Lithuanian financial system is the likelihood and the potential impact of cyber attacks, as indicated by the recent survey of financial institutions conducted by the Bank of Lithuania (LB)

Although that somewhat weakened, the real estate (NT) The threat that represents the overheating of the market is mentioned in the report of the LB

"Financial services in cyberspace have become both a routine and a necessity for In such an environment, the financial institutions providing these services must pay particular attention to consumer education and cybersecurity in order to provide more secure and reliable financial services in cyberspace, "said Tomas Garbaravičius , member of the LB Board of Directors. According to the survey, during the first half, four financial institutions belonging to 29 respondents were exposed to the risk of cybercrime and one of them suffered a loss. Among the most important risks for the country's financial system is the unsatisfactory development of NT prices or imbalances in the NT market. However, the overheating threat of the NT market during the first half of the year is slightly weakened and has been the first half of the last three years.

The risk of crisis of the real estate market in the Scandinavian countries and its possible contamination with the Lithuanian financial system have slightly decreased compared to the previous survey. according to the report of LB

However, these risks remain the most important risks for the Lithuanian financial system in five years. It also includes the risk of a sharp rise in risk premiums in global financial markets and the risk of a fall in exports to Lithuania due to slower economic growth of major trading partners

. More than half of the financial institutions surveyed (55%) said they badumed a lower risk than a low or high risk, and one-tenth of them indicated that they badumed a higher risk than a low risk. . In a survey conducted six months a year, no financial institution indicated that it would badume a risk faster than low