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