Governor of Azerbaijan’s Central Bank meets with investment companies’ executives

BAKU, Azerbaijan, August 5. The Governor of
Azerbaijani Central Bank (CBA) Taleh Kazimov held a gathering with
funding firms’ executives, Trend reviews citing CBA.

The function of the assembly is to debate points of accelerating
the position and institutional growth of capital market in economic system
of Azerbaijan, modernization of securities market infrastructure,
the development of regulatory and management processes and management in
the world in accordance with worldwide requirements.

Kazimov famous that, macroeconomic and monetary stability because the
results of the continuing reforms and growth coverage has been
ensured in Azerbaijan.

He pressured the actual significance of the work in additional
enchancment of the main position of monetary markets in Azerbaijan,
particularly, the formation of a capital market that meets
worldwide requirements and supplies ample alternatives for
financing the economic system, and the creation of capitalization
mechanisms that make sure the transformation of the financial savings of the
inhabitants into investments.

In flip, the executives of funding firms expressed their
opinions on present and strategic problems with capital market
growth, enchancment of market infrastructure and promotion in
the market.

During the assembly, an trade of views befell with
representatives of funding firms on enhancing the regulatory
framework and regulatory mechanisms within the capital market,
growing the position of monetary intermediation, stimulating the
actions of funding funds, optimizing clearing and settlement
programs with securities, making a stimulating tax local weather within the
securities market, increasing the vary of funding securities
traded on inventory trade.

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