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Azerbaijan to create risk mechanism on securities market

Business Materials 28 July 2011 18:24
The state securities market in Azerbaijan has increased by 5.1 times in January-June, while the corporate securities market grew by 1.5 times, Chairman of the State Securities Committee Rufat Aslanli said at an extended board meeting.

Azerbaijan, Baku, July 28 / Trend N. Ismayilova /

The state securities market in Azerbaijan has increased by 5.1 times in January-June, while the corporate securities market grew by 1.5 times, Chairman of the State Securities Committee Rufat Aslanli said at an extended board meeting.

New instruments, including convertible bonds were introduced in the market during the reporting period.

A legal and institutional base, ensuring repo transactions with corporate bonds was formed. The securities trading system and their depository account were brought into line with international standards.

Aslanli said the committee's priorities are to accelerate the work and to effectively coordinate the implementation process of the state development program of securities market in Azerbaijan in 2011-2020.

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