CENTRAL BANK OF ARMENIA DEVELOPS METHODOLOGY TO ASSESS COUNTRY’S FINANCIAL STABILITY
ArmInfo
2009-05-20 12:59:00
ArmInfo. Central Bank of Armenia has developed a methodology on
assessment of the country’s financial stability despite the absence of
serious consequences of the financial crisis. As member of CB Council
Karine Minasyan said at May 20 regular session of the Council of
Heads of state agencies on regulation of securities market of CIS
states, Armenia’s CB has developed a methodology of performing a
stress-testing, development of stress-scenarios and assessment of
possible risks.
As regards the developed situation in the securities market of Armenia
in view of the financial crisis, K. Minasyan said this market is
currently at the stage of formation, and the main indicators, which
characterize the market development level, considerably yield to
some CIS countries, in particular, specific weight of the market
capitalization in GDP makes up about 1,5%.
‘Despite the fact that the influence of the financial crisis on the
financial system of Armenia was not so serious, we shall nevertheless
face a problem of some slowdown of the rates of fulfillment of a number
of sectors, that has been primarily conditioned by low investment
activity’, K. Minasyan said.
From: Emil Lazarian | Ararat NewsPress
