Regulatory Alerts2024-10-16
Added · Updated
Regulations on Preparation, Submission and Control of Prudential Reports on a Consolidated Basis
The National Bank of the Republic of Azerbaijan issued these regulations to establish rules for banks and holding companies to prepare and submit prudential reports on a consolidated basis in accordance with International Financial Reporting Standards. The document mandates the inclusion of specific financial statements, ownership structures, and risk assessments to enable the Central Bank to monitor the financial stability and management of banking groups. It further defines submission deadlines, audit requirements, and oversight procedures to ensure accurate reporting and mitigate risks associated with subsidiary activities.
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