Azerbaijan, Baku, Dec. 30 / Trend N. Ismayilova /
The Central Bank of Azerbaijan focus on flexibility of risk management in banking system to preserve financial stable in 2010, the CBA reported
In 2010, the CBA will realize several arrangements in the banking sector including financial reservation and capitalization policy, maintaining liquidity at acceptable levels, reinforcement countercyclical behavior, strengthening control over the quality of the loan portfolio and the capacity of corporate governance and risk management
The CBA will improve tools for banking supervision, implementing systems integration and introducing new prudential reporting system to achieve all goals. At the same time, the CBA will develop methodology for the consolidated banking supervision, standardization of stress tests, and providing a unified model
Risk management incubators will be created and banks' potential on stress tests will be increased to improve risk management system in banks.
The CBA plans to hold events on consolidation in banking system and restructuring in backbone banks in 2010
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