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Azerbaijan to create control group on systematically important banks - EXCLUSIVE


Azerbaijan will create control group on systematically important banks, the Financial Markets Supervisory Authority (FIMSA) told APA-Economics.

 

According to the FIMSA, it’s planned to determine frame of control and accountability in the Authority and form ‘legal representation’ in these banks.

 

FIMSA also said that normative acts on credit bureaus have been adopted and control frame was determined by the Authority.

 

‘At the same time, rules on regulation of currency exchange points have been confirmed and normative base on activity of exchange points was created’, FIMSA said. 

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