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According to the report, this law is a project implemented by the Ministry of Finance with the European Bank for Reconstruction and Development, which aims to consolidate loans or other financial badets in Lithuania. Securitization and Covered Bonds Regulation
"We seek to create a clear legal framework for the issuance of new long-term financing instruments in which institutional investors may invest. Financial institutions that have issued these instruments will have the opportunity to free up their capital and increase the funds available for financing businesses, including small and medium-sized businesses, as well as individuals. It will contribute to the long-term growth of the country's economy and our financial autonomy, "said Loreta Maskaliovienė, Deputy Minister of Finance
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