Thursday, September 12 2013 19:14
Armenia to host 30th Meeting of the Central Banks Governors' Club
ArmInfo. The 30th Meeting of the Governors' Club of member-countries of the Central Asia, Black Sea Region and Balkans will take place in Armenia on September 12-14, 2013 on sidelines of the events dedicated to the 20th anniversary of the Armenian dram, the Armenian Central Bank said in a press release.
The event will bring together 18 delegations, including 12 governors of central banks. Internationally known financial experts are also invited as speakers. The keynote speaker is the Chairman of the Financial Stability Institute Mr. Josef Tosovsky. The others are the Chief Executive Officer of ERSTE Bank Hungary and former Governor of the National Bank of Serbia Mr. Radovan Jelasity, Managing Partner of the "Global Sovereign Advisors" Mr. Boris Borozan and Vice Governor of the Croatian National Bank Mr. Michael Faulend. The topic of the meeting is "Lessons learnt from the past crisis: new approaches and tools to overcome future challenges." The meeting agenda is rather ambitious.
The presentations are generally on the day-to-day problems in the financial world. Mr. Josef Tosovsky's presentation is on "The new global regulatory framework for financial institutions". Mr. Radovan Jelasity will talk about the "Foreign Currency Lending in Hungary - An Example of (Almost) Complete Failure". There will be a presentation on "Outlook for World Economy and Major Financial Markets" by Mr. Boris Borozan.
The meeting of the Governors Club will be held in the Training and Research newly opened Center of the CB of RA in Dilijan where all necessary conditions are provided for hosting high-level meetings, all formats seminars, conferences, etc.
Taking into consideration the fact that one of the main idea of establishing the Governors' Club is to strengthen the relations between the Central Asia, Black region and Balkan countries, so this meeting is aimed at expanding and deepening the cooperation between the central/national banks of the mentioned countries which will contribute to an affective monetary policy coordination, maintaining financial stability and an improved business climate in Armenia.
The decision to establish the Club was adopted at the first meeting of the heads of the central/national banks of Central Asia, Black Sea Region and Balkans in 1997. The decision was backed with a protocol signed on May 1 1998 by the governors of the central banks of 14 countries. Now, this figure has reached 20.
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