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Armenian CB Chairman To Take Part In 15th International Bank Congres

ARMENIAN CB CHAIRMAN TO TAKE PART IN 15TH INTERNATIONAL BANK CONGRESS

ARKA News Agency, Armenia
June 8 2006

Yerevan, June 7. /ARKA/. Chairman of the Central Bank of Armenia
(CBA) Tigran Sargsyan is to take part in the 15th international bank
congress in Saint Petersburg on June 7-10, 2006. The CBA Chairman has
left for Russia at the invitation of the Chairman of the RF Central
Bank and Governor of Saint Petersburg.

The main subject of the congress is Basel recommendations: approaches
and implementation. At the suggestion of the congress organizers,
the CBA Chairman is to make a report entitled “Banking supervision
in transitional economy: hindrance or impetus to development of
banking system?”

The congress participants will discuss such topics as “Efficiency of
banking supervision: prerequisites, criteria, estimations”, “Base II:
capital, risks, transparency”, “Stability of banks and banking system:
approaches in estimation and in maintenance”, “Financial reports
of credit institutions within international standards of financial
reporting”, “Internal control and audit in banks”.

The congress is also expected to discuss issues of applying Basel II
provisions in banking supervision.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS
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