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System risks warning launched at securities market in Azerbaijan

Business Materials 7 May 2009 19:45 (UTC +04:00)

Azerbaijan, Baku, May 7 / Trend N. Ismayilova /

The Azerbaijani state committee for securities launched introduction of system risks governance, the committee chairman Rufat Aslanli said.  

"Introduction of system warning system risks, especially in terms of global economic crisis has been launched. Presently, operations are at initial stage. Great work is expected in this direction," Aslanli said.

License regulations are expected to be improved. Establishment of monitoring and control system will be created, he said.

"Crisis gives certain opportunities to design long-term, stabile policy because several markets were in bad position that creates an opportunity for more equal terms for competition," Azerbaijani state committee for securities head said.   

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