| Abstract [eng] |
Work topicality. In these days, an unstable economic situation in Lithuania, increasing of competition, foreign banks' penetration in the Lithuanian banking market, forcing banks to pay attention not only to the activities developed in its quality, but also the challenges: how to raise money so the banks can provide liquidity and lending to customers. The crisis of 2007 in the financial market is also requiring for greater attention of banks for effective emphasis on banks' liquidity risk assessment and management. EU, financial professionals and researchers are focused in to new ways of raising banks assets to ensure liquidity and to develop further activities. Work object – Method of securitization in Lithuania. Work aim – Identify the opportunities to adapt the method of securitization in Lithuanian commercial banks. Work tasks to achieve this aim: 1. Define the securitization, its development process, determine the benefits and advantages of the method compared with the classical bank financing satin. 2. Make securitization environmental analysis of the EU's commercial banking and financial system based on indicators. 3. To make a research of RL legislation and securities market research, to analyze Lithuanian commercial banks 'financial position, based on banks' liquidity and justify the adaptation of the securitization method in Lithuania. Work structure. The work consists of three main parts. The first section gives an overview securitization method and of diagrams showing how the banks' illiquid assets converted to cash. Define the application of this method to solve the liquidity problems of banks. Securitization forms and their impact on the financial system are analyzed. In the second part are dealing EU's commercial banking system and its structure. Described, major European bourse, observed the repartition of bonds by country publisher and an overview of country experience with securitization method. Identified how the EMU system coordinates the banking system, how help banks to provide liquidity and others. In the third part focuses on the Lithuanian legislation, the liquidity of banks as risk management tools and securities market analysis. Investigated, whether the existing legislation in Lithuania provides the opportunity to develop a method of securitization in Lithuanian commercial banks, calculated the Bank's liquidity indicators in order to find out how commercial banks manage risk. Main results - the present analysis shows that there are all the conditions necessary for the Lithuanian securities market development (the country's accession to the EU, the Vilnius Stock Exchange's integration into a common Nordic and Baltic stock exchange system). In Baltic debt securities market, securitization could help to increase the volume of the primary market and stimulate the secondary market for debt securities. In the legislation RL, there are no objections to apply the method of securitization in Lithuania. It is legally regulated only by mortgage bonds. However, in order to validate other forms of securitization and to allow the ABS and MBS in Lithuania, the legislation should be corrected and the new one accepted. It was found that securitized the loans could AB “SEB”, AB “Swedbank” and DnB “NORD” banks. |
