WB, Azerbaijan's Central Bank discuss improvement of resolution framework for local banks

A discussion took place between the Central Bank of Azerbaijan and the World Bank to improve the resolution framework for local banks.

Report informs, citing the Central Bank, that, according to the information, another meeting was held with the World Bank expert mission visiting Azerbaijan within the framework of the Financial Sector Modernization Project 3.

At the meeting, the sides discussed the work done within the framework of the project, in particular, consulting services that will be provided to strengthen the framework for protecting the rights of consumers of financial services, further improve the framework of bank resolutions, and expand control and regulatory instruments.