DUSHANBE, January 31, 2012, Asia-Plus  -- The Regional Consultative Group within the CIS Financial Stability Council (FSC) met in Moscow on January 30.

According to the National Bank of Tajikistan (NBT), the meeting discussed the FSC plan of actions for 2012 and issues of financial regulation being of significant importance for financial stability and countering risks in international and regional financial systems.

The NBT banking supervision department head Iskandar Davlatov represented Tajikistan in this meeting.

“A special attention was paid to the deposit insurance systems, reasonable compensation practice as well as approaches to efficient supervision of national system-significant financial institutions (banks),” said the source, “The meeting participants also discussed issues related to the financial stability in the region, including financial sector vulnerabilities, potential impact of the debt crisis of a number of European countries on the CIS nations and the possible retaliatory measures of the economic policy.”

The meeting reportedly resulted in adoption of the document defining the procedure of operational management of the regional consultative group.

The regional consultative group members include representatives from the financial authorities of Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Ukraine.