Azerbaijan shows progress in banking regulatory reforms

Country 12:17 07.05.2025

International rating agency Global Ratings predicts that most emerging markets in Europe, the Middle East and Africa  will maintain a cautious approach to implementing banking regulation regimes in crisis situations, noting the successful reforms carried out in Azerbaijan's banking sector, EDnews informs referring to Global Ratings.

Some countries, such as Azerbaijan and Kazakhstan, are implementing reforms to improve the quality of their regulation and supervision. For others, the lack of transparency, the volatile institutional landscape, and political interference are among the factors that shape our assessment. Therefore, we expect that for the majority of these countries and where no legal resolution framework exists, regulators will continue to use ad hoc solutions to face any banking crisis.

Resolution planning considers what happens if a systemically important bank fails to recover,that is, if it becomes nonviable. At this stage, it consists of regulators identifying the best approach to stabilize the institution and how to avoid contagion to other parts of the financial system while winding down the unviable segments of the business," reads the update.

Georgia is another country that decided to adopt a resolution regime. The country has already introduced legislation to create a resolution fund and introduced a minimum for own funds and eligible liabilities for the three systemically important banks of the country. It has also dedicated resources to the Resolution and Liquidation Division within the central bank and is in the process of putting the resolution framework into effect.

Madina Mammadova\\EDnews

IEPF issued a statement regarding Azerbaijani children at the UN Human Rights Council

News line

Foreign diplomats visit Agdam Conference Center
21:35 21.05.2025
New Secondary School Opened in Gakh by Heydar Aliyev Foundation
21:22 21.05.2025
Azerbaijani and Turkish Presidents Meet One-on-One in Nakhchivan
21:03 21.05.2025
Opening ceremony of World Cup held in Baku
20:57 21.05.2025
Pashinyan, EU Envoys Discuss Armenia-Azerbaijan Peace
19:52 21.05.2025
New Deputy Appointed to Nakhchivan Education Minister
19:20 21.05.2025
Nakhchivan marks Türkiye’s National Sovereignty and Children’s Day
17:42 21.05.2025
F.Shafiyev: Azerbaijan-Türkiye unity is example of effective cooperation
17:35 21.05.2025
Azerbaijan to build circular power link in Karabakh
17:28 21.05.2025
Azerbaijan, Italy discuss prospects for defense cooperation
17:19 21.05.2025
Ilham Aliyev addresses conference on Western Azerbaijan in Ankara
17:14 21.05.2025
Ilham Aliyev: Azerbaijan and Türkiye uphold international law for regional stability
17:03 21.05.2025
President of Cuba congratulates President Ilham Aliyev
16:58 21.05.2025
Azerbaijani President: Digitalization of the Middle Corridor is a priority
16:53 21.05.2025
Erdogan: Ilham Aliyev will be remembered as a peacemaker
16:48 21.05.2025
TDT: Azerbaijan is very important for the development of the Turkic world
16:43 21.05.2025
Georgian minister discusses cooperation with Azerbaijani ambassador
16:35 21.05.2025
Azerbaijan, Türkiye mull prospects for development of military cooperation
16:29 21.05.2025
Azerbaijan and Croatia hold political consultations
16:24 21.05.2025
GlobE Network work plan for 2025 approved in Baku
16:18 21.05.2025
Talks between Azerbaijan and Armenia may be held at level of heads of state
12:21 19.05.2025
A Meeting of Nobles exhibition to open in Shusha
12:15 19.05.2025
Azerbaijan increases construction by over 2026
12:09 19.05.2025
How does space "sound"? -NASA created "music" from the sounds of black hole
12:03 19.05.2025
Azerbaijan joins Fez Festival of World Sacred Music
11:57 19.05.2025
Azerbaijan’s parliamentary delegation starts official visit to Spain
11:53 19.05.2025
EU countries agree on big defence fund with Azerbaijan- Diplomat Says
11:48 19.05.2025
Azerbaijan,Türkiye Hold Talks on Education Sector Cooperation
11:42 19.05.2025
Azerbaijani delegation attends Russia-Islamic World: Kazan Forum 2025
11:36 19.05.2025
The official opening of the Azerbaijani carpet exhibition took place in Chisinau
11:31 19.05.2025
Press review of I.Aliyev's participation in the 6th Summit of the "European Political Union"
11:25 19.05.2025
Azerbaijani delegation participated in the International Economic Forum
11:21 19.05.2025
Azerbaijan to be represented at Astana International Forum
11:16 19.05.2025
New agreement between Azerbaijan and Pakistan in the field of plant safety
11:14 19.05.2025
Ilham Aliyev: Azerbaijani healthcare has made significant steps along a long way of development
11:08 19.05.2025
Azerbaijani Ombudsman issues appeal on Human Rights
11:03 19.05.2025
Azerbaijani presidential climate envoy to attend Azerbaijan International Forum 2025
11:01 19.05.2025
Hikmat Hajiyev: Azerbaijan and Iran must continue cooperation and strengthen ties
10:57 19.05.2025
Sahiba Gafarova is on an official visit to Spain
10:51 19.05.2025
''The President's visit to Albania will be remembered as a European triumph for official Baku'' Expert Opinion
10:46 19.05.2025
Hamısı