The Central Bank of Russia has ordered an insurance and reinsurance broker to comply with a mandatory order
The Central Bank of Russia has ordered an insurance and reinsurance broker to comply with a mandatory order
The Central Bank of Azerbaijan (CBA) has issued a mandatory order to “Xəmsə Sığorta və Təkrarsığorta Brokeri”.
This was reported on the CBA website.
The report says that during a scheduled and comprehensive inspection conducted by the organization, it was checked whether the company complies with insurance legislation and licensing requirements. Due to the identified shortcomings and miscalculations, in accordance with Article 102.2.9 of the Law “On Insurance Activities”, the insurance and reinsurance broker was given a mandatory order to comply.
Finance
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Remote trading of new shares placed by state-owned International Bank of Azerbaijan (IBA) last month on the secondary market has started. This is reported by the Baku Stock Exchange (BSE).
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Investments of the State Oil Fund (SOFAZ) in the Italian capital market amount to about $2.3 billion.
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