The deal on Eurasian Union financial legislation’s harmonization is aimed at harmonizing the legislation of the Eurasian Economic Union member states in financial market with further investing in this area, said Armenian Central Bank Deputy Head Vakhtang Abrahamyan on Monday.
According to him, it is planned to create a unified financial market in the services sector (banking, insurance, services in the securities market) within the member states represented by the government and the central bank of Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia.
The agreement provides for the mutual recognition of licenses for various types of activities to ensure the inadmissibility of possible discrimination and the accessibility of the markets of the Eurasian Union member states.
