The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reported discussions with International Monetary Fund leaders on financial sector reforms during the IMF and World Bank Group Annual Meetings in Bangkok. Chair Madina Abylkassymova and IMF Managing Director Kristalina Georgieva reviewed Kazakhstan’s financial sector, financial stability and reform priorities, including IMF technical assistance in developing the new Law on Banks. The talks also covered the introduction of full risk-based supervision in the capital market and insurance sector, as well as further IMF expert support for new legislation governing those sectors. In a regional meeting attended by IMF Deputy Managing Director Bo Li, participants discussed stronger bank regulation, advanced supervisory practices and cooperation with the IMF’s regional technical assistance center for the Caucasus, Central Asia and Mongolia in Almaty.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan discusses banking, capital market and insurance reforms with IMF
Kazakhstan’s financial market regulator discussed banking, capital market and insurance reforms with IMF leaders at the IMF and World Bank Group Annual Meetings. The talks covered IMF assistance on the new Law on Banks, full risk-based supervision and expert support for planned capital market and insurance legislation.