16:07 - 10.06.2026
June 10, Fineko/abc.az. Azerbaijan's financial system is in the process of adapting to international standards.
ABC.AZ reports that Zaur Hajili, Director of the Department of Policy and Regulation of Financial Monitoring of the Central Bank of Azerbaijan (CBA), made the above-said statement at the X International Financial & Banking Summit in Baku.
According to Hajili, it is understood that country's economy is an integral part of the global economic system: "It is for this reason that we are integrating some elements of the European Union directives into the legislation of Azerbaijan.
Separately, I’d like to note that the current geopolitical conditions are quite difficult, and international sanctions regimes are in effect. In this context, our position as a supervisory and regulatory body is unambiguous. We believe that our financial system should be consistent with the completeness of the global financial system and avoid systemic risks."
Hajili believes that even when formulating rules and requirements, this is considered not as a limiting factor, but as principles of transparent action: "These principles contribute to creating a safer and more accessible environment, especially for large investors and international partners."
