[ad_1]
The candidate must be approved by the Seimas. The term of the current central bank director, Vito Vasiliauskas, ends on April 7.
G.Šimkus started working at the Bank of Lithuania in 2002 and during the eighteen years of work at this institution he has steadily moved up the career ladder.
He has been a member of the board since September of last year.
President G. Nausėda described the candidate as an excellent economic and financial expert with many years of experience working at the Bank of Lithuania.
“I believe that with his knowledge and skills he will help the institution to achieve the stability of the financial system and sustainable economic development,” the president said in a press release.
In 2002, the candidate for chairman of the board of directors of the Bank of Lithuania graduated from Vilnius University with a master’s degree in economics. From 2002 to 2010, G.Šimkus worked at the Bank of Lithuania, initially in the Financial Performance Evaluation Division of the Bank’s Credit Institutions Supervision Department, then in the Financial Stability Division of the Economics Department.
In 2010-2012, G.Šimkus was a financial stability expert at the Financial Stability Directorate of the European Central Bank, returned to the Bank of Lithuania in 2012, worked as Director of the Economic and Financial Stability Service since 2014, represented the Bank of Lithuania on the Advisory Committee of the European Systemic Risk Board and on the Financial Stability Committee of the ECB.
On August 25 last year, the president appointed G. Šimkus to the board of directors of the Bank of Lithuania. In this role, he supervised the Banking Authority and the Financial Stability Department, and was an alternate member of the General Council of the ECB, the General Board of the European Systemic Risk Board, the Joint Resolution Board and the EBA Resolution Committee ( ResCo). .
The mandate of the Governor of the Central Bank shall be five years.
Together with the European Central Bank, the Bank of Lithuania seeks to maintain price stability in the euro area, take care of the stability of the financial system, carry out economic analysis and issue euro banknotes and coins.
Distinguish diplomacy, competition, communication.
Parliamentarians for the Committee on Budgets and Finance say the candidate’s experience allows him to fill these high positions.
According to Mykolas Majauskas, conservative of the Committee, the candidate for LAC leaders is a diplomatic, professional and responsible person. He also emphasizes that when making a decision on the candidacy of G. Šimkus, it is important to evaluate his approach to the problems of the banking sector.
“With what measures do you plan to reduce the monopoly of Scandinavian banks, how will the volumes of loans to small businesses increase and how will the prices of banking services be secured for consumers,” M. Majauskas told the BNS news agency .
The farmer Valius Ąžuolas emphasized the competence of G.Šimkus: “A very competent person. I’d appreciate it. “
Algirdas Butkevičius, who belongs to a mixed group of Seimas members, highlighted G.Šimkus’s communication skills.
“From a management point of view, he is learning to communicate both with his colleagues and with politicians,” said A. Butkevičius.
The “employee” Vytautas Gapšys says that in the next conversation with G.Šimkus, the faction will not only explain how it views LAC activities, changes in the system, but will also ask for opinions on account liberalization, increased House prices and housing loan market supervision, their views on international trends, the emergence of the digital euro.
“I don’t have any bad signs that the candidate can’t work,” the employee said.
V.Gapšys emphasized that the candidate for the LAC leadership was promoted only while working at the central bank.
“He knows all of LB’s kitchen. Perhaps at the same time, on the other hand, I would like it to have a broader focus, to have worked in other areas ”, said the parliamentarian.
