Republic of Kazakhstan: Financial System Stability Assessment-Update including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Anti-Money Laundering and Combating the Financing of Terrorism

International Monetary Fund

No 2004/268, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents an update on Kazakhstan’s Financial System Stability Assessment including Reports on the Observance of Standards and Codes on Banking Supervision and Anti-Money Laundering and Combating the Financing of Terrorism. Kazakhstan has made impressive improvements in its financial sector legislation, and has revamped its institutional structure for financial sector oversight. The financial sector, which is dominated by banks, has been one of the fastest-growing sectors of the economy. This has been facilitated by a favorable macroeconomic environment helped by a cautious fiscal stance and increasing oil revenue.

Keywords: ISCR; CR; bank; debt market; loan; capital market; central bank; exchange rate risk; foreign currency; capital adequacy ratio; FSA capital market; FSA law; credit risk; Loans; Commercial banks; Pension spending; Insurance companies; Financial stability assessment (search for similar items in EconPapers)
Pages: 40
Date: 2004-08-18
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