Republic of Kazakhstan: Financial System Stability Assessment-Update including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Anti-Money Laundering and Combating the Financing of Terrorism

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2004 Issue 268

Publication date: August 2004

ISBN: 9781451820843

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Public Finance , ISCR , CR , bank , debt market , loan , capital market , central bank , exchange rate risk , foreign currency , capital adequacy ratio , FSA capital market , FSA law , credit risk , Loans , Commercial banks , Pension spending , Insurance companies , Financial stability assessment

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Summary

This paper presents an update on Kazakhstan’s Financial System Stability Assessment including Reports on the Observance of Standards and Codes on Banking Supervision and Anti-Money Laundering and Combating the Financing of Terrorism. Kazakhstan has made impressive improvements in its financial sector legislation, and has revamped its institutional structure for financial sector oversight. The financial sector, which is dominated by banks, has been one of the fastest-growing sectors of the economy. This has been facilitated by a favorable macroeconomic environment helped by a cautious fiscal stance and increasing oil revenue.