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
IMF Staff Country Reports, August 18, 2004
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- 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
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Bibliographic details
- Published: August 18, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451820843.002
Summary and Key Findings
- 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.
- Kazakhstan 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.
- Growth in the financial sector was facilitated by a favorable macroeconomic environment helped by a cautious fiscal stance and increasing oil revenue.
Subjects and Keywords
- Subject: Banking, Commercial banks, Expenditure, Financial institutions, Financial sector policy and analysis, Financial stability assessment, Insurance companies, Loans, Pension spending
- Keywords: bank, capital adequacy ratio, capital market, central bank, Commercial banks, CR, credit risk, debt market, exchange rate risk, Financial stability assessment, foreign currency, FSA capital market, FSA law, Insurance companies, ISCR, loan, Loans, Pension spending