Eurasian Council of Central (National) Banks
The Eurasian Council of Central (National) Banks (hereinafter - the Council/ECB) is an advisory board of the central (national) banks participating in the ECB Agreement. The Central Bank of the Republic of Armenia, the National Bank of the Republic of Belarus, the National Bank of the Republic of Kazakhstan, the National Bank of the Kyrgyz Republic, the Central Bank of the Russian Federation, and the National Bank of Tajikistan are the ESB members. The objective of the Council is to develop integration in the financial and banking sector, to coordinate the actions of the Parties on development of the national monetary, financial and banking systems, to improve multilateral and bilateral payment and settlement relations and other issues within the competence of the central (national) banks participating in the ECB Agreement.
On March 30, 2021, the representatives of the National Bank of the Kyrgyz Republic participated in the 43rd meeting of the Eurasian Council of Central (National) Banks, which was held in the virtual format. The issues of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market integration in the ESB, the problems and readiness of the banking system in the participating countries to introduce new International Standards on the Basel II and III, the use of risk-based supervision and regulation by the central (national) banks-participants of the ESB and a number of other issues were considered during the meeting. Moreover, the reports and plans of the coordinating/consultative councils were submitted to the ESC members.