Guidelines on Information Technology Management for Supervised Financial Market Entities

The Central Bank of the Republic of Azerbaijan issued these Guidelines to standardize information technology management across banks, insurers, payment institutions, and other supervised financial market entities. Supervised organizations must establish dedicated IT functions or utilize third-party providers, appoint qualified leadership such as a Chief Information Officer, and implement core operational processes aligned with the COBIT 2019 standard. The framework mandates a formalized IT strategy, continuous monitoring of system resilience and performance, and structured internal reporting to ensure technological investments directly support business objectives and financial sector stability.

Azerbaijan

Central Bank of Azerbaijan