The National Bank is drafting a financial market development strategy up to 2020. This strategy will be aimed at gradual increasing the use of market mechanisms in financing the activities of institutions, ensuring the development of the securities market, promoting the development of non-bank financial institutions and the insurance sector,” Taras Nadolny said.
The draft strategy also provides for the development of digital banking.
Taras Nadolny recalled that the interbank identification system was launched in Belarus on 1 October. According to him, this is a significant step in the development of the banking industry.
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