1477

Toll-free

Working days, from 09:00 to 18:30

Council for Financial Stability of the Republic of Kazakhstan

The Council on Financial Stability of the Republic of Kazakhstan is an advisory and consultative body to the President of the Republic of Kazakhstan

Mission of the Council:

Consideration of issues on financial system stability, identification of systemic risks and development of systemic risks mitigation measures.

The Council functions:

The Council on Financial Stability gives preliminary mandatory consideration to issues related to the adoption of the following measures:

1) implementation of macroprudential policy to mitigate systemic risk in the financial system;

2) joint measures of the National Bank, the Government and the Agency on regulation and development of financial market and financial institutions to prevent a financial crisis and minimize its consequences;

3) resolution of an insolvent bank which forced liquidation carries systemic risks to the financial system, including government participation in its resolution;

4) financing second-tier banks’ rehabilitation, including financing from the National Bank and (or) its subsidiaries.

The Council considers other necessary issues  to ensure financial stability and effectiveness of the Council.

The Board:

  • The Chairman of the Board – the Chairman of the National Bank of the Republic of Kazakhstan;
  • Deputy Head of the Administration of the President of the Republic of Kazakhstan  or an Assistant to the President of the Republic of Kazakhstan on social and economic issues;
  • The Chairman of Agency on regulation and development of financial market and financial institutions;
  • The Minister of Finance of the Republic of Kazakhstan;
  • The Minister for National Economy of the Republic of Kazakhstan.

The National Bank is the working body of the Council.

To the top