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Supporting Capital Market Development and Reform in Developing Asia: Country Assessment Report for Azerbaijan - Softcover

Asian Development Bank

 
9789292777678: Supporting Capital Market Development and Reform in Developing Asia: Country Assessment Report for Azerbaijan
Softcover
ISBN 10: 929277767X ISBN 13: 9789292777678
Publisher: Asian Development Bank, 2026

Synopsis

This technical review shows how Azerbaijan can boost its capital market infrastructure and reinforce its securities clearing and settlement framework to align with international standards and improve market efficiency and transparency. It looks at the role, functions, and risks of the National Depository Center (NDC) which now serves as a settlement agent following a 2023 Law on Securities Market amendment. Pinpointing gaps in the guarantee-based settlement mechanism, it recommends Azerbaijan consider steps including establishing a clearing fund and introducing margin management. It explains why developing the NCD into a central counterparty would also help support the country's capital market development.

"synopsis" may belong to another edition of this title.

Publisher
Asian Development Bank
Publication date
2026
Language
English
ISBN 10 
929277767X
ISBN 13 
9789292777678
Binding
Paperback
Number of pages
50