Committee for Financial Stability to be created in Azerbaijan

Committee for Financial Stability to be created in Azerbaijan

A committee on financial market stability regulation will be created in Azerbaijan, the head of the working group on the establishment of the country’s financial market supervisory body, Rufat Aslanli, said at a plenary session of the Azerbaijani parliament.

“The Central Bank of Azerbaijan, the ministry of finance and the financial market supervisory body of Azerbaijan will sign a special memorandum. Signing of this document has already been agreed," Trend cited Aslanli as saying.

The head of the working group added that the new body will be called the Committee for Financial Stability.

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