{
  "title": "Republic of Kazakhstan: Technical Assistance Report-Risk-Based Supervision Recovery Plans and Interest Rate Risk",
  "publication": "IMF Staff Country Reports, July 5, 2022",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2022/07/05/republic-of-kazakhstan-technical-assistance-report-risk-based-supervision-recovery-plans-520413",
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  "summary": "This paper presents Republic of Kazakhstan’s Technical Assistance (TA) report on risk-based supervision recovery plans and interest rate risk.",
  "sections": [
    {
      "heading": "Mission scope and activities",
      "content": "- Presented Technical Assistance (TA) report on risk-based supervision recovery plans and interest rate risk in the banking book (IRRBB).\n- Mission provided recommendations and training to the Agency on:\n  - Assessment of banks’ recovery plans.\n  - Assessment and management of interest rate risk in the banking book (IRRBB).\n- Two prior missions in September 2020 and November 2020 focused on:\n  - Strengthening the Agency’s institutional set up.\n  - Implementation of certain elements of the Pillar 2 requirements of the Basel Framework.\n- The mission included six training sessions for supervisors on IRRBB and recovery plans."
    },
    {
      "heading": "Findings and progress",
      "content": "- The Agency continues to make progress on aligning its prudential regulatory and supervisory frameworks with international standards.\n- Identified need for the Agency to develop comprehensive regulatory requirements for banks’ recovery plans.\n- Recommended that the new framework:\n  - Provide standards that comply with international standards.\n  - Reflect proportional application to Kazakhstan banks’ systemic risk profile."
    },
    {
      "heading": "Recommendations and follow-up",
      "content": "- Develop comprehensive regulatory requirements for banks’ recovery plans that are:\n  - Compliant with international standards.\n  - Proportionally applied according to Kazakhstan banks’ systemic risk profile.\n- Consider a short-term follow-up TA to:\n  - Ensure consistency of the revised regulations with international standards."
    },
    {
      "heading": "Subjects and keywords (as reported)",
      "content": "- Subjects:\n  - Financial crises\n  - Financial institutions\n  - Financial regulation and supervision\n  - Financial sector policy and analysis\n  - International organization\n  - Monetary policy\n- Keywords:\n  - agency staff\n  - Bank legislation\n  - Bank resolution\n  - bank's IRRBB exposure\n  - Commercial banks\n  - EU bank recovery\n  - Financial sector stability\n  - Global\n  - IRRBB management\n  - Market risk\n  - recovery plan\n  - SREP framework\n  - Stress testing\n\n---\n\n Content in this bundle\n\n- 1kazea2022006\n  - 1kazea2022006 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1kazea2022006 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 5, 2022",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400214967.002",
    "Presented Technical Assistance (TA) report on risk-based supervision recovery plans and interest rate risk in the banking book (IRRBB).",
    "Mission provided recommendations and training to the Agency on:",
    "Two prior missions in September 2020 and November 2020 focused on:",
    "The mission included six training sessions for supervisors on IRRBB and recovery plans.",
    "The Agency continues to make progress on aligning its prudential regulatory and supervisory frameworks with international standards.",
    "Identified need for the Agency to develop comprehensive regulatory requirements for banks’ recovery plans.",
    "Recommended that the new framework:",
    "Develop comprehensive regulatory requirements for banks’ recovery plans that are:",
    "Consider a short-term follow-up TA to:",
    "Subjects:",
    "Keywords:",
    "**1kazea2022006**"
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