Infrastructure
Operator of regulated market
The regulated market operator in Armenia is responsible for organizing the trading of securities in the Armenian market. It establishes trading rules, provides a platform for buyers and sellers to trade securities. It also monitors the market for signs of manipulation or unfair practices, provides market data, etc. Read more
The regulated market operator is regulated and supervised by the CBA to ensure that it operates in compliance with all relevant laws and regulations, and to ensure the efficient, fair, and transparent functioning of the Armenian securities market.
Learn More: Armenian Stock Exchange
Central depositary
Central Depository is a specialized financial institution responsible for holding and safeguarding securities like stocks and bonds. It facilitates the settlement of securities transactions by ensuring the efficient transfer of ownership and record-keeping. It also plays a role in corporate actions such as dividend payments and voting.
CBA’s rules protect investors by ensuring the safekeeping of their securities and preventing fraud, as well as promote efficiency in the securities settlement process
Learn More: Central Depositary of Armenia
Armenian motor insurers bureau
The Armenian Motor Insurers' Bureau is a non-governmental organization in Armenia that represents insurance companies offering Compulsory Motor Third-Party Liability Insurance (CMTPL). Since it plays a crucial role in the Armenian insurance market Bureau established regulations and rules to enforce industry standards for claims settlement and other key activities, to prevent anti-competitive practices among insurance companies, safeguard policyholders from unfair treatment, ensure the financial soundness of insurance companies and the overall stability of the insurance market.
The Central Bank is the regulator and supervisor of the Bureau's activities.
Learn More: Armenian Motor Insurers Bureau
Credit bureau
By providing a centralized repository of credit information, a credit bureau plays a vital role in supporting a well-functioning financial market. It contributes to improved risk assessment by banks, credit organizations and enhanced market efficiency. Overall, it contributes to a healthier financial system by reducing the risk of defaults and promoting responsible lending practices.
Learn More: Credit Bureau
Deposit guarantee fund
Armenian Deposit Guarantee Fund (ADGF) was established to protect individual depositors in the event of a bank failure. It serves as a safety net for depositors, providing compensation for their losses up to a certain limit. CBA is responsible for regulation and supervision of ADGF. ADGF play a crucial role in safeguarding the financial stability of the Armenian banking system and protecting the interests of individual depositors.
Learn More: Deposit Guarantee Fund
Тhe Financial System Mediator
The Financial System Mediator is an independent institution in Armenia, established by the Central Bank of Armenia to resolve disputes between consumers and financial organizations. It provides free, impartial, and efficient dispute resolution services for individuals and micro-enterprises. The Mediator ensures that consumer complaints are addressed without complex procedures, making it accessible to a wide range of consumers. Operating independently, the Mediator follows international best practices and European standards for alternative dispute resolution. This institution, funded on 2009 by Central Bank of Armenia, plays a crucial role in protecting consumer rights in Armenia's financial sector.
Learn More: Financial System Mediator
Payment and settlement systems
Payment and settlement systems are integral to the functioning of Armenian economy, enabling the smooth flow of funds and supporting economic activity at various levels.
Central bank of Armenia regulates the activities of payment and settlement systems. CBA’s focus is on minimizing risks to financial stability. Moreover, CBA meticulously oversees the involvement of banks and payment institutions in foreign payment systems, ensuring alignment with Armenian legislation while protecting against systemic vulnerabilities. By doing so, CBA contributes to fostering trust and reliability in both domestic and cross-border transactions.
Learn More: Payment and settlement systems.