The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published an update on a meeting between its chair, Madina Abylkassymova, and a delegation from the Central Bank of the Republic of Azerbaijan led by deputy chairman Togrul Najafali oglu Aliyev. The talks focused on improving risk based supervision, introducing analytical tools and digital solutions into supervisory work, assessing the resilience of financial institutions, and sharing experience on consumer lending regulation, including interest rate rules and the calculation of the debt burden ratio. During the visit, the Kazakh agency has planned a series of expert sessions for the Azerbaijani delegation on its supervisory approach. The sessions will cover the Supervisory Review and Evaluation Process, its integration with compliance supervision and anti money laundering and counter terrorist financing work, the assessment of banks' internal capital and liquidity adequacy, and the use of SupTech and artificial intelligence for model risk management. The two sides also indicated that they want to continue developing cooperation and exchanging experience on current issues in financial sector regulation and supervision.

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