II Banking Forum was launched

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  • There was held II Banking Forum on “Adaptation of banking system to new development period: reforms, results and perspectives”, jointly organized by Financial Market Supervisory Authority (FMSA), Center for Analyses of Economic Reforms and Communication of the Republic of Azerbaijan (CAERC) and Azerbaijan Banks Association (ABA) on November 23-24, 2017.

    The mission of the Forum is to analyze the results of strategic economic reforms in the country, adaptation of financial-bank system to new development period, strengthen financial sustainability, ways of providing non-cash payments, discussion of development of compliance in banks and improvement of the legal base of bank system, as well as studying advanced experiences on innovations in banking sphere.

    The chair persons of regulative and control structures in finance-economy field, upper management of commercial banks, heads of business and public organizations, representatives of international finance institutions and embassies of foreign countries in Azerbaijan participated in the Forum.

    Zakir Nuriyev, president of Azerbaijan Banks Association made opening speech in II Banking Forum. Then, Vusal Gasimli, executive director of the Center for Analyses of Economic Reforms and Communication of the Republic of Azerbaijan, Huseyin Aydin, head of Board of Turkey Banks Union, Alim Guliyev, first deputy chairman of Central Bank of the Republic of Azerbaijan, Ibrahim Alishov, head executive director of Financial Market Supervisory Authority of the Republic of Azerbaijan, Sevinj Hasanova, deputy minister of Economy of the Republic of Azerbaijan, Vahid Ahmadov, member of the Committee of Milli Mejlis on Economic policy, industry and entrepreneurship also provided speeches in Banking Forum.

    After the opening speech, the first panel on “The works done to minimize the influence of the external shocks and new challenges” started its work. There were provided presentations and discussions on the topics such as “Near and medium perspective results of the economic reforms”, “The achievements gained in improvement of bank sector and next targets”, “Balance between monetary stimulation and macroeconomic stability”, “Role of State Oil Fund in provision of macroeconomic stability”, “Development of human resources in bank sector in new period”.

    The Forum continued its work in next panels, dedicated on “Towards non-cash society: recent trend in payment ecosystem, new market participants and solutions of innovative payments”, “Compliance in modern banking” and “Improvement of the legal base of the development of bank system”. 


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