The Supreme Council of the EAEU Supported Approaches to Creating a Common Financial Market

Арестова Татьяна Economy
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At a recent meeting of the Supreme Eurasian Economic Council, important approaches aimed at harmonizing legislation and creating a common financial market within the EAEU were approved. As reported by the press service of the Ministry of Economy and Commerce of the Kyrgyz Republic, this decision is expected to contribute to deepening economic integration while ensuring the protection and stability of national financial systems.

The basis of the adopted decision is a differentiated approach to regulation, which involves the implementation of harmonized standards established in international agreements of the EAEU for financial organizations providing their services in the Union's single market.

At the same time, for those participants operating only in domestic markets, the norms of national legislation apply.

This differentiated approach helps achieve a balance between the integration process and the protection of national financial systems, creating clear rules for all market participants and promoting the improvement of accessibility and quality of financial services.

Moreover, the new approach allows financial organizations to independently choose whether to enter the common EAEU market based on their own capabilities and economic calculations.
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