CIS member states to integrate finance and banking systems at Baku conference

18:50, 2 October 2009

BAKU. October 2. KAZINFORM. At II Baku International Banking Conference of the CIS member states on the topic of "Enhancing the stability of the financial and banking systems of the Commonwealth", it is expected to sign a document that will give impetus to further work on integration of financial and banking systems of the Commonwealth countries, the CIS Finance and Banking Council said; Kazinform refers to Today.Az.

The conference will be held in Baku on Oct. 13-16.

"Urgent problems of the CIS banking systems require balanced and informed solutions. The format of the II Baku International Banking Conference is the best suited for taking such decisions, in fact, the conference is a unique platform for direct substantive dialogue among the leaders of major financial, banking and investment institutions of countries near and far abroad," said the report.

The agenda of the conference will focus on the problems of stability of the CIS banking systems in terms of instability on world financial markets, as well as development of financial infrastructure as a basis for forming an integrated regional banking market of the Commonwealth, the prospects of forming a common currency area in the field of settlement and payment systems in the CIS.

The conference is organized by the Finance and Banking Council of CIS (FBC) under support of the Executive Committee of CIS, the Presidential Administration of Azerbaijan, International Bank of Azerbaijan and the Bank VTB; Kazinform cites Today.Az. See www.today.az for full version.

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