[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-108165-en":3,"doc-seo-108165-105":30,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":13,"seo_description":14,"update_tm":28,"read_time":29},108165,687197100911,"Himbo","https://ap-avatar.wpscdn.com/avatar/a000239b6f1da00475?x-image-process=image/resize,m_fixed,w_180,h_180&k=1785132997149421697",8,"Research & Report","REPUBLIC OF KAZAKHSTAN - DETAILED ASSESSMENT OF OBSERVANCE - BASEL CORE PRINCIPLES FOR EFFECTIVE BANKING SUPERVISION - Executive Summary","Detailed assessment of the Republic of Kazakhstan’s observance of the Basel Core Principles for effective banking supervision, prepared for an IMF–World Bank Financial Sector Assessment Program mission. The report outlines the institutional and market setting, required preconditions for supervision, and the main findings across responsibility and objectives, licensing and ownership changes, supervisory cooperation and cross-border oversight. It also covers the supervisory approach, corrective and sanctioning powers, governance and risk management, capital, credit risk and asset quality, key risks, disclosures and transparency, and abuse of financial services.","Public Disclosure Authorized Public Disclosure Authorized  \nJanuary 2024  \nREPUBLIC OF KAZAKHSTAN  \nDETAILED ASSESSMENT OF OBSERVANCE  \nBASEL CORE PRINCIPLES FOR EFFECTIVE BANKING SUPERVISION  \nPrepared By  \nMonetary and Capital Markets Department, IMF, and Finance, Competitiveness and Innovation Global Practice, World Bank  \nThis report was prepared in the context of a joint IMF-World Bank Financial Sector Assessment Program (FSAP) mission in Kazakhstan during MarchApril 2023, led by Pierpaolo Grippa, IMF and Pietro Calice, World Bank, and overseen by the Monetary and Capital Markets Department, IMF, and the Finance, Competitiveness and Innovation Global Practice, World Bank. Further information on the FSAP program can be found at [http://www.imf.org/external/np/fsap/fssa.aspx](http://www.imf.org/external/np/fsap/fssa.aspx), and [www.worldbank.org/fsap](www.worldbank.org/fsap).  \nCONTENTS  \nGlossary_____________________________________________________________________________________________4  \nExecutive Summary_________________________________________________________________________________7  \nINTRODUCTION AND METHODOLOGY_________________________________________________________10  \nA. Introduction_______________________________________________________________________________ 10  \nB. Methodology______________________________________________________________________________11  \nINSTITUTIONAL AND MARKET STRUCTURE—OVERVIEW_____________________________________12  \nA. Institutional Structure_____________________________________________________________________ 12  \nB. Overview of the Banking Sector__________________________________________________________ 13  \nPRECONDITIONS FOR EFFECTIVE BANKING SUPERVISION____________________________________14  \nA. Sound and Sustainable Macroeconomic Policies__________________________________________ 14  \nB. Framework for Financial Stability Policy Formulation______________________________________ 14  \nC. Public Infrastructure_______________________________________________________________________14  \nD. Framework for Crisis Management, Recovery, and Resolution.____________________________15  \nE. Public Safety Net__________________________________________________________________________ 15  \nF. Effective Market Discipline_________________________________________________________________16  \nMAIN FINDINGS__________________________________________________________________________________16  \nA. Responsibilities, Objectives, Powers, Independence (CP 1–2)_____________________________ 16  \nB. Licensing, Changes in Control, and Acquisitions (CP 4–7)_________________________________ 17  \nC. Supervisory Cooperation, Consolidated and Cross Border Supervision (CP 3, 12, 13)_______________________________________________________________________________18  \nD. Supervisory Approach (CP 8–10)__________________________________________________________ 18  \nE. Corrective and Sanctioning Powers of Supervisors (CP 11)________________________________20  \nF. Corporate Governance and risk management (CP 14, 15)_________________________________20  \nG. Capital (CP 16)_____________________________________________________________________________20  \nH. Credit Risk and Problems Assets, Provisions and Reserves (CP 17–18)____________________ 21  \nI. Risks (CP 19–25)___________________________________________________________________________21  \nJ. Disclosures and Transparency (CP 27–28)_________________________________________________22  \nK. Abuse of Financial Services (CP 29)________________________________________________________23  \nDETAILED ASSESSMENT_____________________________________________________________________24  \nA. Supervisory Powers, Responsibilities and Functions______________________________________24  \nB. Prudential Regulations and Requirements_______________________________________________115  \nSUMMARY COMPLIANCE WITH THE BASEL CORE PRINCIPLES_________________________231  \nRECOMMENDED ACTIONS AND AUTHORITIES’ CO","cbCaioNKhUyucjmi","https://ap.wps.com/l/cbCaioNKhUyucjmi","pdf",3554257,6,1,249,"English","en",105,"# Contents\n## Executive Summary\n## Introduction and Methodology\n## Institutional and Market Structure—Overview\n## Preconditions for Effective Banking Supervision\n## Main Findings\n## Detailed Assessment\n## Summary Compliance with the Basel Core Principles\n## Recommended Actions and Authorities’ Comments","[{\"question\":\"What is the purpose of the report on Kazakhstan’s banking supervision?\",\"answer\":\"It assesses how Kazakhstan observes the Basel Core Principles for effective banking supervision, using the IMF–World Bank FSAP mission context.\"},{\"question\":\"Which areas of banking supervision does the report evaluate in the main findings?\",\"answer\":\"It 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