Brussels, 24/10/2014 (Agence Europe) - Banks in Lithuania will be subject to minimum reserve requirements following the introduction of the euro on 1 January 2015.
Given that the regular reserve maintenance period runs from 10 December 2014 to 27 January 2015, transitional provisions will be necessary at the end of the year to ensure that the relevant institutions are integrated smoothly into the Eurosystem's minimum reserve system, without placing a disproportionate burden on them, and the...