OREANDA-NEWS. February 03, 2012. With the assistance of Ministry of Finance of the Russian Federation was held Constituent conference of the Regional Consultative Group of (FSB) Financial Stability Board on space of CIS, reported the press-centre of NBT.

Participants have discussed the activity plan on 2012, and also some other issues, such as: issues of financial regulation having great importance for financial stability and risk counteraction in the world and regional financial systems.

Within the context of discussion the basic attention has been given to the financial regulation, deposit insurance system, effective supervision on national system of financial institutions (banks). Besides, members of group have discussed financial stability issues in region, including sensibilities in financial sector, influence euro zones risks, influence of debt crisis of some European countries to the CIS countries and possible reprisal of economic policy.

Co-chairmen of the Regional Consultative Group on space of the CIS countries under the Financial Stability Board are Sergey Anatolevich Storchak, Deputy Minister of Ministry of Finance of the Russian Federation and Sergey Aleksandrovich Ribak, Deputy Minister of Ministry of Finance of Ukraine. Representatives of Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Ukraine participate in the Regional Consultative Group of the CIS.

Participants of the meeting have approved the Operational Management of activity of RCG of the CIS and have decided to establish function of secretary of group through offices of organizations of co-chairmen, including rendering of technical and organizational support from Interstate Bank. Members of the Regional Consultative Group have agreed that the following session will be held in October-November, 2012 in Moscow. At the given session participated Director of Banking Supervision Department of the National Bank of Tajikistan Davlatov Iskandar.

It should be noted that in November of 2010 Financial Stability Board officially declared plans on expansion of coverage of the activity outside of the countries-participants of FSB. Thereupon six regional consultative groups have been formed for exchange of views between the financial organizations of member countries of Board and not participating states of FSB, regarding estimation of risks menacing to their financial systems, and for discussion of the initiatives directed on assistance of financial stability.