BAKU, Azerbaijan, April 28. The Central Bank of
Azerbaijan (CBA) has defined its next steps for capital market
development within the “Report on the Implementation Status for
2025 of the Financial Sector Development Strategy for 2024–2026,”
Trend reports,
citing the CBA.
The planned measures include ensuring alignment with the
principles of the International Organization of Securities
Commissions (IOSCO), as well as assessing the potential
establishment of a Central Counterparty Institution (CCI) as a key
infrastructure element for clearing and settlement functions.
In addition, the Central Bank plans to improve the regulatory
framework for investment funds in line with international best
practices, prepare an enhanced supervision plan, and revise
supervisory tools, data sources, and analytical methods under
supervisory technology (SupTech).
The development of a risk-based supervisory framework and its
implementation is also among the key priorities.
The “Financial Sector Development Strategy for 2024-2026,”
approved by the Central Bank of Azerbaijan, was implemented at
85.6% in 2025.
Over the reporting period, implementation across key sectors
reached 86.3% in banking, 80% in insurance, 84.6% in capital
markets, 86.5% in payments, 84.7% in digital finance, 100% in
sustainable finance, and 85.7% in professional development and
financial literacy.
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