Central Bank approves amendments to Corporate Governance Standards for Financial Institutions

6 August 2026, Baku: The Central Bank continues to improve the regulatory framework to promote ethical behavior standards in financial institutions and strengthen consumer protection, including the processing of consumer applications. In this context, the Central Bank’s Management Board approved amendments to the Corporate Governance Standards for Banks, Corporate Governance Standards for Insurers, Corporate Governance Standards for Investment Companies, and Regulations for the Organization and Implementation of Activities by Payment Institutions and Electronic Money Institutions, by its Resolution No. 30/2 dated July 7, 2026.   According to the amendments, an independent functi...