Issues of Harmonizing Deposit Insurance Legislation within the EAEU Discussed

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On May 21–22, 2025, the Agency for Guaranteed Reimbursement of Bank Deposits of Individuals of the Republic of Belarus organized a regular meeting of the Expert Group under the Financial Markets Advisory Council of the Eurasian Economic Commission.

The meeting focused on harmonizing the legislation of EAEU member states in the fields of bank deposit insurance (guarantee), liquidation of credit institutions, financial recovery, and insolvency (bankruptcy).

Representatives of the Deposit Protection Agency of the Kyrgyz Republic took part in the meeting, including Deputy Executive Director N. M. Baibosunov, as well as Agency staff members Ch. M. Tanabaev and S. Zh. Shergaziev.

The meeting opened with welcome remarks by S. G. Lega, Deputy Director General of the Belarusian Agency, and was officially opened by V. V. Kovalev, Head of the Banking Policy Division of the EEC Department of Financial Policy.

Key topics discussed included:

  • payment of compensation through online and non-application-based procedures;
  • the mandate of deposit insurance (guarantee) organizations;
  • agreed proposals on harmonizing EAEU member states’ legislation regarding the operation of deposit insurance systems.

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