In 2007, more and more signals on the overheating of Lithuanian economy appeared. High inflation rates, stagnation in the housing market resulting in the increasing number of default loans force Lithuanian banks to review their risk management policies. In this article the analyses of the...

Financial institutions have to follow International regulatory requirements and national regulations for risk management disclosure. International regulations are developed by Basel Committee of Banking Supervision (known as Basel II and Basel III) and International Financial Reporting Standards...

Abstract: Financial accounting is undergoing major changes in the EU and worldwide. Great efforts are placed on adoption of high quality accounting standards for listed companies, public sector organizations as well as small and medium business entities. Being a member of the EU Lithuania is in...