Belarus to set up Financial Market Association
The idea to establish the association was put forward by the Belarusian offices of such international companies as Forex Club, Teletrade, Alpari and Admiral Umis.
The National Bank welcomes the idea to set up the Financial Market Association, according to Dmitry Nabzdorov, the head of regulation of nonbanking operations at the National Bank of Belarus.
It is planned that the association will, in close cooperation with the National Bank, facilitate the development of the efficient and sustainable regulatory environment, expedite the emergence and development of new financial products and services for all market participants, and promote high standards of corporate governance and protection of the rights and interests of investors. The association will draw on the experience the financial companies have accumulated in Belarus and cooperate closely with organizations from other CIS countries, Russia in particular.