Page 77 - CE Outlook Regions 2022

run into regulatory brick-walls once they became big enough to attract
attention but lacked the capacity to manage compliance effectively.
The government wants the value created by the fintech sector to benefit not
just individual business customers, but the broader economy and the country’s
citizens.

However, Lithuania’s community of innovators and entrepreneurs aren’t
necessarily thinking in terms of national borders. Internationalism remains
critical. Lithuania remains excelling as a fintech hub – but the local market,
even when extended to its Baltic neighbours, is not that large. Putting new
barriers in 2022, which is anticipated, in place could well be a self-defeating
move.

5.6 Markets - Slovakia

Since November 2021 the Slovak capital market has operated a
single central depository. By the end of 2021, Slovakia´s central
depository of stocks (Centralny depozitar cennych papierov, CDCP)
and National central depository of stocks (Narodny centralny
depozitar cennych papierov, NCDCP) created a single advanced
securities central depository, with the clients’ assets being
transferred from NCDCP to CDCP.

For the NCDCP, the migration of client assets meant the termination
of participation in the Target 2-Securities (T2S) pan-European
securities settlement system operated by the European Central
Bank.

According to Trading Economics global macro models and analysts
expectations, Slovakia’s Stock Market (SAX) is estimated to trade at
365.24 points in 12 months time.

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