Audrius Šilgalis
Head of Green Finance Institute at UAB „Investicijų ir verslo garantijos“ (INVEGA)- Claim this Profile
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English Professional working proficiency
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Russian Limited working proficiency
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German Elementary proficiency
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Lithuanian Native or bilingual proficiency
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Bio
Viktorija Dičpinigaitienė, PhD
Audrius yra ne vadovas, o lyderis: palaikantis, suteikiantis erdvės ir skatinantis tobulėti. Itin aukštos kompetencijos. Buvo garbė dirbti jo komandoje.
Viktorija Dičpinigaitienė, PhD
Audrius yra ne vadovas, o lyderis: palaikantis, suteikiantis erdvės ir skatinantis tobulėti. Itin aukštos kompetencijos. Buvo garbė dirbti jo komandoje.
Viktorija Dičpinigaitienė, PhD
Audrius yra ne vadovas, o lyderis: palaikantis, suteikiantis erdvės ir skatinantis tobulėti. Itin aukštos kompetencijos. Buvo garbė dirbti jo komandoje.
Viktorija Dičpinigaitienė, PhD
Audrius yra ne vadovas, o lyderis: palaikantis, suteikiantis erdvės ir skatinantis tobulėti. Itin aukštos kompetencijos. Buvo garbė dirbti jo komandoje.
Credentials
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FINTECH INNOVATION: DISRUPTING THE FINANCIAL LANDSCAPE
Cambridge Judge Business School, University of CambridgeNov, 2022- Sep, 2024
Experience
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UAB „Investicijų ir verslo garantijos“ (INVEGA)
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Lithuania
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Financial Services
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1 - 100 Employee
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Head of Green Finance Institute
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Sep 2023 - Present
Responsible for: Creation of ecosystem suitable for green investments Preparation of methodologies for evaluation of green investments Consultations of public and private subjects about green investments and applicable regulation Cooperation with public institutions in order to stimulate green investments in Lithuania Responsible for: Creation of ecosystem suitable for green investments Preparation of methodologies for evaluation of green investments Consultations of public and private subjects about green investments and applicable regulation Cooperation with public institutions in order to stimulate green investments in Lithuania
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European Securities and Markets Authority (ESMA)
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France
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Public Policy
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200 - 300 Employee
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Member of Investor Protection Standing Committee (IPSC)
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Jan 2023 - Sep 2023
The Investor Protection Standing Committee (IPSC) has been established in order to drive ESMA’s new strategic objective on retail investors and further build on the work of the Investor Protection and Intermediaries Standing Committee (IPISC).The IPSC supports horizontal investor protection coordination across all ESMA activities, such as the work related to the costs charged to investors. The IPSC also fulfils the role of the “Consumer Protection and Financial Innovation Committee” referred to in the ESMA Regulation. Its remit includes:Matters of retail investor protection within ESMA’s remit and all relevant aspects of distribution of financial products by intermediaries to retail investors; alongside the coordination of financial education activities; andPolicy and convergence aspects of financial innovation in the retail space (such as dealing with innovative products and distribution channels) and sustainability that have a direct impact on retail investors.The IPSC also continues to focus on regulatory issues related to the provision of investment services and activities by investment firms and credit institutions, notably with regards to conduct of business rules, distribution of investment products, investment advice and suitability. Show less
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Board of Supervisors - High level alternate member
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Jun 2022 - Sep 2023
The main role of the Board of Supervisors is to make all policy decisions of ESMA. The Board guides the work of the Authority and has the ultimate decision-making responsibility regarding a broad range of matters including the adoption of ESMA Technical Standards, Opinions, Guidelines and the issuance of advice to the EU institutions. The Board is supported by a number of ESMA standing committees and working groups who are dealing with technical issues.
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Member of Senior Supervisors Forum (SSF)
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May 2021 - Sep 2023
The Senior Supervisors Forum (SSF) includes, through its alternating three sectoral configurations (Markets, Investment Firms, Investment Funds), the Heads of Supervision from the relevant areas. The SSF provides expertise on common supervisory issues within each sector and ensures consistency in addressing horizontal convergence issues (such as the heatmap and Union Strategic Supervisory Priorities (USSPs)). The SSF also includes a new separate enforcement configuration with the participation of the Heads of Enforcement. Furthermore, the SSF also continues to deal with horizontal issues on a project /task force basis. The main tasks of the SSF include:Providing input, direction and advice on key risks and problems, among others, those of cross-cutting and cross-border nature;identifying the USSPs that NCAs shall take into account when drawing up their work programmes, and provide input, direction and advice on possible follow-up;promoting continuous discussions and the development of an effective EU common supervisory culture, including innovative supervisory and investigative tools and methods, as part of a risk-based and outcome focused approach to supervision; andProviding strategic direction for the Enforcement Working Group by identifying priority topics and areas as well as providing a critical review of its output, promoting the sharing of good enforcement practices in order to foster a common enforcement culture and contributing to the facilitation of joint enforcement action with the overriding aim of ensuring consistency of outcomes for similar infringements wherever they arise in the Union. Show less
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Member of Financial Innovation Standing Committee (FISC)
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Dec 2013 - Dec 2022
ESMA’s Financial Innovation team monitors financial activities in general and financial innovation in particular. The main objectives are to ensure that supervisors, policy makers and market participants are aware of innovations that may undermine investor protection, give rise to financial instability or threaten market integrity. ESMA tries is to achieve a co-ordinated approach to the regulatory and supervisory treatment of new or innovative financial activities, and provide advice to the European Parliament, the Council and the Commission. Show less
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Lietuvos bankas / Bank of Lithuania
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Lithuania
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Banking
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300 - 400 Employee
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Head of Investment Services and Undertakings Supervision Division, Deputy Director of Department
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Nov 2020 - Sep 2023
Management of a team responsible for:• Supervision of investment services and investment service providers, asset management companies and investment funds, pension fund managers and pension funds, crowdfunding service providers;• Analysis of the new financial products and services offered in Lithuania;• Licensing of the new service providers, evaluation and approval of the new investment funds and pension funds, approval of new investment products; • Preparation of the periodical reviews of investment funds, pension funds, financial markets, crowdfunding activities;• Consultation of the market participants;• Review and improvement of the current regulation, preparation of positions and opinions of the Bank of Lithuania; • Prudential supervision of financial market participants;• Blocking the websites offering illegal financial services in Lithuania;• Analysis and evaluation of Fintech companies and new business models, virtual currencies, crypto projects, ICOs and STOs, tokenization.Strategic planning of unit’s activities, daily coordination of the team and control of processes.Coordination of the team responsible for the position on crypto assets and initial coin offering of the Bank of Lithuania.Participation in the committees of European and other institutions.Management of Financial Services and Markets Supervision Department when Director is not available, coordination and control of daily activities. Show less
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Head of cryptocurrency working group
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Nov 2017 - Jan 2021
Leading the group responsible for:• Analysis of cryptocurrency market and trends in Lithuania• Preparation of positions• Analysis of business models connected with cryptocurrencies, ICOs, STOs, tokenization• Preparations of warnings to consumers
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Head of Investment Services Supervision Division
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Jul 2018 - Nov 2020
Management of a team responsible for:• Supervision of investment services and investment service providers, asset management companies and investment funds, crowdfunding service providers;• Analysis of the new financial products and services offered in Lithuania;• Licensing of new service providers, evaluation and approval of the new investment funds; • Preparation of periodical reviews of investment funds, financial markets, crowdfunding activities;• Consultation of market participants;• Review and improvement of current regulation, preparation of positions and opinions of Bank of Lithuania; • Analysis and evaluation of Fintech companies and new business models, virtual currencies, crypto projects, ICOs and STOs, tokenization.Strategic planning of unit’s activities, daily coordination of the team and control of processes Coordination of the team responsible for the position on virtual assets and initial coin offering of the Bank of Lithuania.Strategic planning of unit’s activities, daily coordination of the team and control of processes.Participation in the committees of European institutions. Show less
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Chief Officer of Investment Services Supervision Division
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Jul 2017 - Jul 2018
Supervision and analysis of investment products and services: investment funds, investment companies, crowdfunding companies, Fintech and Regtech companies.Analysis and evaluation of Fintech companies and new business models, virtual currencies and ICOs.Analysis of the new financial products and services offered in Lithuania. Analysis and evaluation of the documents of investment funds and investment companies. Preparation of periodical reviews of investment funds, financial markets, crowdfunding activities.Consultation of market participants.Preparation of regulatory requirements, creation of risk based supervision models.Participation in the committees of European institutions. Show less
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Chief Specialist of Financial Services and Markets Analysis Division
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Jan 2016 - Jul 2017
Supervision and analysis of pension funds, investment funds, unit-linked insurance products, saving products, investment products and services.Analysis of the new financial products and services offered in Lithuania.Preparation of quarterly results of pension funds.Preparation of periodical reviews of pension funds and investment funds, financial markets. Analysis of the documents of pension funds and investment funds. Consultation of market participants.Preparation of regulatory requirements, creation of risk based supervision models.Participation in the committees of European institutions. Show less
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Senior Specialist of Financial Services and Markets Analysis Division
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Jul 2013 - Jan 2016
Supervision and analysis of pension funds, investment funds, unit-linked insurance products, saving products, investment products and services.Analysis of the new financial products and services offered in Lithuania.Preparation of monthly results of pension funds.Preparation of periodical reviews of pension funds and investment funds, financial markets. Analysis of the documents of pension funds and investment funds. Consultation of market participants.Preparation of regulatory requirements.Participation in the committees of European institutions. Show less
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Specialist of Financial Services and Markets Analysis Division
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Jan 2012 - Jul 2013
Supervision and analysis of pension funds, investment funds, unit-linked insurance products, saving products, investment products and services.Preparation of monthly results of pension funds.Preparation of periodical reviews of pension funds and investment funds, financial markets. Analysis of the documents of pension funds and investment funds. Consultation of market participants.Preparation of regulatory requirements.Participation in the committees of European institutions. Show less
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European Commission
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Belgium
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Government Administration
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700 & Above Employee
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Expert
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Nov 2022 - Nov 2022
Expert of the European Commision in the TAIEX INTPA support for development, issuance and regulation of thematic capital market in Tanzania. Expert of the European Commision in the TAIEX INTPA support for development, issuance and regulation of thematic capital market in Tanzania.
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European Banking Authority
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France
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Financial Services
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100 - 200 Employee
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Member of SCConFin`s subgroup on Innovative Products (SGIP)
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Feb 2012 - Nov 2020
The EBA promotes a transparent, simple and fair internal market for consumers in financial products and services. The EBA seeks to foster consumer protection in financial services across the EU by identifying and addressing detriment consumers may experience, or are at risk of experiencing, in their dealings with financial firms. The role and tasks of the EBA related to consumer protection and financial activities include: collecting, analysing and reporting on consumer trends in the EU; reviewing and coordinating financial literacy and education initiatives; developing training standards for the industry; contributing to the development of common disclosure rules; monitoring existing and new financial activities; issuing warnings if a financial activity poses a serious threat to the EBA's objectives as set out in the its funding Regulation; and temporarily prohibiting or restraining certain financial activities, provided certain conditions are met. Show less
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Chief specialist, Business Conduct Supervision Department
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Sep 2010 - Dec 2011
Supervision and analysis on pension funds, investment funds, investment products and services. Preparation of monthly results of pension funds. Preparation of periodical reviews of pension funds and investment funds. Analysis of the documents of pension funds and investment funds. Consultation of market participants. Preparation of regulatory requirements. Supervision and analysis on pension funds, investment funds, investment products and services. Preparation of monthly results of pension funds. Preparation of periodical reviews of pension funds and investment funds. Analysis of the documents of pension funds and investment funds. Consultation of market participants. Preparation of regulatory requirements.
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Community
