To determine macroprudential policy the National Bank of Kazakhstan:
- carries out regular monitoring of systemic risks to financial system;
- develops the methodology for identification of systemically important financial institutions and makes a list of systemically important financial institutions;
- independently or in cooperation with other state bodies proposes measures to safeguard financial stability to the Council on financial stability of the Republic Kazakhstan
- in case of a systemic financial crisis or a threat of a systemic financial crisis independently or in cooperation with the Government of the Republic of Kazakhstan imposes restrictions on certain types of banking transactions and other operations of financial institutions.
In August 2024, the document "On the macroprudential policy of the National Bank of the Republic of Kazakhstan" was published, which sets out the vision and approaches of the National Bank of Kazakhstan to the policy-making, implementation and communication of the macroprudential policy.
