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Republic Of Kazakhstan Financial Sector Assessment Program Update Detailed Assessments And Updates Of Financial Sector Standards And Codes
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Author :International Monetary Fund Publisher :INTERNATIONAL MONETARY FUND ISBN 13 :9781451820911 Total Pages :121 pages Book Rating :4.8/5 (29 download)
Book Synopsis Republic of Kazakhstan--Financial Sector Assessment Program Update--Detailed Assessments and Updates of Financial Sector Standards and Codes by : International Monetary Fund
Download or read book Republic of Kazakhstan--Financial Sector Assessment Program Update--Detailed Assessments and Updates of Financial Sector Standards and Codes written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2004-10-27 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a Detailed Assessment and Updates of Financial Sector Standards and Codes for Kazakhstan. The assessment reveals that although Kazakhstan's banking system is liquid, there are significant variations from bank to bank, with the distinctions between the tenge and foreign exchange liquidity being quite important. An appropriate body of commercial law is in place, and both banks and the supervisory authority express general satisfaction with the functioning of the systems for registration of collateral and enforcement of security interests.
Download or read book Republic of Kazakhstan written by and published by . This book was released on 2004 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Republic of Kazakhstan by : Fondo Monetario Internacional
Download or read book Republic of Kazakhstan written by Fondo Monetario Internacional and published by . This book was released on 2004 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Republic of Kazakhstan : detailed assessments and updates of financial sector standards and codes : financial sector assessment program update by :
Download or read book Republic of Kazakhstan : detailed assessments and updates of financial sector standards and codes : financial sector assessment program update written by and published by . This book was released on 2004 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :International Monetary Fund. Monetary and Capital Markets Department Publisher :International Monetary Fund ISBN 13 : Total Pages :250 pages Book Rating :4.4/5 (2 download)
Book Synopsis Republic of Kazakhstan by : International Monetary Fund. Monetary and Capital Markets Department
Download or read book Republic of Kazakhstan written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2024-02-29 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2019 the responsibility to supervise the financial sector of Kazakhstan was assigned to the newly established Agency for the Regulation and Development of the Financial Market (ARDFM); however, ARDFM independence is not enshrined in the legislation. While ARDFM has introduced a risk-based approach and Supervisory Examination and Review Process, banks’ asset quality and related party transactions remain a source of concern, even if improving. The ARDFM present approach does not yet comply with international standards for consolidated supervision; it should hence continue with its plans to align key prudential standards with the Basel framework and extend risk management expectations across a banking group and not only at solo level.
Book Synopsis Republic of Kazakhstan by : International Monetary Fund
Download or read book Republic of Kazakhstan written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-10-27 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This technical note explores the reasons for a comparatively high interest rate spread in Kazakhstan in the context of competition in the banking sector. In spite of significant gains in efficiency made in recent years, operational costs and provisioning for loan losses remain high compared with some other economies. Rapid progress is being made in developing an efficient banking sector, and further improvements will depend on good supervisory and regulatory enforcement. The level of financial intermediation, although high among neighboring countries and growing, is still low in broader comparisons.
Book Synopsis Republic of Kazakhstan by : International Monetary Fund
Download or read book Republic of Kazakhstan written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-08-18 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author :International Monetary Fund. Monetary and Capital Markets Department Publisher :International Monetary Fund ISBN 13 : Total Pages :42 pages Book Rating :4.4/5 (2 download)
Book Synopsis Republic of Kazakhstan by : International Monetary Fund. Monetary and Capital Markets Department
Download or read book Republic of Kazakhstan written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2024-04-24 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kazakhstan is vulnerable to transition risk due to the importance of its energy- and emissions-intensive sectors. Domestic and global climate policies would negatively affect Kazakhstan’s economy, its firms, industries, and banks, with heterogenous impacts across industries and banks. Using both micro and macro modeling approaches, the climate risk analysis suggests Kazakhstani banks are exposed to significant transition risk from domestic and, more importantly, global climate policies. The risk is especially higher for carbon intensive sectors, such as fossil fuel extraction, refining, and electricity generation. Banks with large exposure to emissions-intensive sectors experience up to 30 percent additional losses under a disorderly 1.5°C scenario over a 5-to-7-year horizon, compared to the baseline. Banks with a small share of portfolio with emissions-intensives sectors may still experience losses, as climate change mitigation actions affect the economy at large and the financial health of individual consumers, businesses, and industries.
Author :International Monetary Fund. Middle East and Central Asia Dept. Publisher :International Monetary Fund ISBN 13 :1498311008 Total Pages :95 pages Book Rating :4.4/5 (983 download)
Book Synopsis The Republic of Kazakhstan by : International Monetary Fund. Middle East and Central Asia Dept.
Download or read book The Republic of Kazakhstan written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2014-08-29 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Financial System Stability Assessment highlights that the global financial crisis exposed serious bank vulnerabilities in Kazakhstan. The authorities successfully contained the ensuing systemic crisis, however, left unaddressed important weaknesses that continue to linger. The government has nationalized three of the largest banks and restructured their external obligations, thus preventing a collapse of the banking system. The banks’ solvency situation is adequate but somewhat fragile as a result of legacy problems. A faster transition to risk-based oversight is needed. The relative vulnerability of banks to shocks warrants increased emphasis on risk. This can be achieved through the adoption of more advanced risk-assessment tools and a more extensive use of stress test results for risk analysis. The financial safety net and resolution framework were upgraded during the crisis but need further adjustments. The government amended the resolution framework in 2009 to incorporate several desirable features such as restructuring, purchase and assumption, and bridge bank. However, during the crisis it bypassed the use of sequential crisis management tools and nationalized banks and restructured their external liabilities. The resolution framework suffers from the absence of special authority and requires the approval of depositors and creditors. Adjustments to the Emergency Liquidity Assistance framework are needed to limit its availability to solvent institutions.
Author :International Monetary Fund. Monetary and Capital Markets Department Publisher :International Monetary Fund ISBN 13 : Total Pages :53 pages Book Rating :4.4/5 (2 download)
Book Synopsis Republic of Kazakhstan by : International Monetary Fund. Monetary and Capital Markets Department
Download or read book Republic of Kazakhstan written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2024-02-07 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following Kazakhstan’s recovery from the 2014-15 decline in oil prices, the country was hit by a series of shocks, starting with the COVID-19 pandemic, then the January 2022 social unrest, and most recently the fallout from Russia’s invasion of Ukraine. So far, that has had limited impact on output, also thanks to various measures taken by the authorities to stabilize the economy. However, there are risks to the outlook. The financial system, which is small and bank-dominated, underwent significant changes during this period. Banks’ largest exposures are to households while large corporates rely on non-residents for funding.
Download or read book Republic of Kazakhstan written by and published by . This book was released on 2004 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Republic of Kazakhstan by : Fondo Monetario Internacional
Download or read book Republic of Kazakhstan written by Fondo Monetario Internacional and published by . This book was released on 2004 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Republic of Kazakhstan: Financial Sector Assessment Program Update by : Ķazaķstan
Download or read book Republic of Kazakhstan: Financial Sector Assessment Program Update written by Ķazaķstan and published by . This book was released on 2004 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Republic of Kazakhstan by : Fondo Monetario Internacional
Download or read book Republic of Kazakhstan written by Fondo Monetario Internacional and published by . This book was released on 2004 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :International Monetary Fund Publisher :INTERNATIONAL MONETARY FUND ISBN 13 :9781451820898 Total Pages :19 pages Book Rating :4.8/5 (28 download)
Book Synopsis Republic of Kazakhstan--Financial Sector Assessment Program Update--Technical Note--Investment Opportunities for Pension Funds by : International Monetary Fund
Download or read book Republic of Kazakhstan--Financial Sector Assessment Program Update--Technical Note--Investment Opportunities for Pension Funds written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2004-10-27 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: This technical note examines investment opportunities for pension funds in Kazakhstan. It puts forward policy alternatives that could lead to improved management of pension fund assets in Kazakhstan. The note emphasizes prudence in the management of pension assets, given the social and fiscal importance of the pension sector. It discusses different investment alternatives and development options for the domestic Kazakhstan capital market. The note concludes that neither the regulators nor industry participants appear to fully appreciate the risks attached to the practice of focusing on short-term and high-yield investments.
Author :International Monetary Fund. Monetary and Capital Markets Department Publisher :International Monetary Fund ISBN 13 : Total Pages :31 pages Book Rating :4.4/5 (2 download)
Book Synopsis Republic of Kazakhstan by : International Monetary Fund. Monetary and Capital Markets Department
Download or read book Republic of Kazakhstan written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2024-04-24 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kazakhstan saw a significant increase in crypto mining in 2021 following a ban on mining in China. Volatility in crypto markets and energy shortages, coupled with a prohibition on the circulation of crypto assets in Kazakhstan, reduced the size of the market by the following year. While retail and institutional crypto holdings are limited, growing public sector experiments with distributed ledger technology, a pilot project to allow the circulation of crypto in the Astana International Financial Centre (AIFC), and mandates for crypto miners to store a proportion of their mining rewards in AIFC registered exchanges has the potential to increase the size of the sector. If incentives grow for users and firms to circulate crypto, the existing prohibition – which has dampened market growth, could become untenable. Although not a regulatory priority, the broad prohibition on crypto assets should be replaced by a robust regulatory framework, contingent on market growth, upskilling supervisors, and a globally coordinated move to implementing conduct and prudential regulation.
Book Synopsis IEO Report on the Evaluation of the Financial Sector Assessment Program by : International Monetary Fund. Independent Evaluation Office
Download or read book IEO Report on the Evaluation of the Financial Sector Assessment Program written by International Monetary Fund. Independent Evaluation Office and published by International Monetary Fund. This book was released on 2006-05-02 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Sector Assessment Program (FSAP) is a joint IMF–World Bank initiative to provide countries with comprehensive evaluations of their financial systems.The IEO evaluation assessed the effectiveness of the FSAP from the perspective of the IMF. The main findings address the following areas: the nature of priority setting under the FSAP; the efficiency of FSAP processes and quality of the main diagnostic tools; the overall quality of FSAP content; how well the IMF has used FSAP results in its surveillance, technical assistance, and program activities; and evidence on the overall impact of the FSAP on the domestic policy dialogue, changes in policies and institutions, and market participants.
