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Armenian CB Chairman To Take Part In 15th International Bank Congres

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  • Armenian CB Chairman To Take Part In 15th International Bank Congres

    ARMENIAN CB CHAIRMAN TO TAKE PART IN 15TH INTERNATIONAL BANK CONGRESS

    ARKA News Agency, Armenia
    June 8 2006

    Yerevan, June 7. /ARKA/. Chairman of the Central Bank of Armenia
    (CBA) Tigran Sargsyan is to take part in the 15th international bank
    congress in Saint Petersburg on June 7-10, 2006. The CBA Chairman has
    left for Russia at the invitation of the Chairman of the RF Central
    Bank and Governor of Saint Petersburg.

    The main subject of the congress is Basel recommendations: approaches
    and implementation. At the suggestion of the congress organizers,
    the CBA Chairman is to make a report entitled "Banking supervision
    in transitional economy: hindrance or impetus to development of
    banking system?"

    The congress participants will discuss such topics as "Efficiency of
    banking supervision: prerequisites, criteria, estimations", "Base II:
    capital, risks, transparency", "Stability of banks and banking system:
    approaches in estimation and in maintenance", "Financial reports
    of credit institutions within international standards of financial
    reporting", "Internal control and audit in banks".

    The congress is also expected to discuss issues of applying Basel II
    provisions in banking supervision.

    From: Emil Lazarian | Ararat NewsPress
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