Published
06/25/2025, 09:25The Eurasian Economic Commission (EEC) hosted a meeting of the Advisory Committee on Financial Markets dedicated to deepening integration and developing coordinated approaches to the formation of a common financial market for the Eurasian Economic Union. The meeting was chaired by Bakhyt Sultanov, Minister of Economy and Financial Policy of the EEC.
The key outcome was the approval of the report on the implementation of the plan to harmonize the legislation of the Union countries in the banking, insurance, and investment sectors.
“The report reflects the work on harmonizing legislation in the banking and insurance sectors and in the securities market carried out by the Commission together with financial regulators,” Bakhyt Sultanov noted. “The formation of harmonized requirements for regulation and supervision in the financial markets is one of the necessary conditions for the creation of a common financial market in the EAEU.”
Particular attention was paid to the draft of the new version of the order of the Supreme Eurasian Economic Council, which, in addition to updating the deadlines for harmonizing the regulatory framework, proposes the introduction of multi-level regulation. This approach will allow for flexible consideration of the specific characteristics of the financial systems of the participating countries as they move toward a single market.
The committee also supported initiatives to unify requirements for brokers and insurance companies' access to the common market, and to harmonize the terminology used in financial legislation. This will remove regulatory barriers and ensure predictable conditions for business.
A separate topic of discussion was a report on the development of the rating industry in the EAEU countries. The document was prepared as part of the implementation of Strategy-2025 and aims to create a transparent and comparable risk assessment system in the Union's financial sector.
