"Having lived through a painful cleansing process, the country's banking sector today is transparent and healthy. All banks are safely meeting the regulatory requirements. There are no longer any banks that would cause suspicion or threats," he told the parliament.
Vasiliauskas, who has been nominated by President Dalia Grybauskaite for a second term as chairman of the board at the Bank of Lithuania, said that "the sustainability achieved" in the banking market "will be long-lasting".
He promised to pay more attention in the future to educating the population.
Vasiliauskas stepped in as the governor of the central bank on Apr. 16, 2011. His first five-year mandate expires on Apr. 15.
Two Lithuanian banks – Snoras and Ukio Bankas – went bankrupt during his term of office. Six commercial banks and seven foreign bank branches operate in Lithuania. Most of them are Scandinavian-owned.