MINSK, 3 March (BelTA) – While making personnel decisions on 3 March Belarus President Alexander Lukashenko once again talked about the idea to create a government agency to regulate the entirety of the financial market, the press service of the Belarusian leader told BelTA.
Addressing heads of municipal government agencies, Alexander Lukashenko encouraged them to realistically evaluate the necessity of implementing various initiatives. According to the head of state, the advisability and the timelessness of measures have to be evaluated before making concrete steps.
Alexander Lukashenko said he uses the same approach while making state-level decisions. For instance, the same reasons prompted the head of state to postpone the decision on expanding the central bank's functions to include the regulation of the insurance market and the securities market. The idea was widely discussed by mass media. The President pointed out that the current system operates well in Belarus and causes no complaints about members of the general public. The head of state said it was possible that in the future the National Bank may be granted mega regulator functions. “But at present the central bank has a lot on its plate already. The cost of resources is the most important task for the National Bank,” said the President. Alexander Lukashenko went on saying that, first of all, it is necessary to resolve all the problems in monetary management.
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