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Republic of Kazakhstan: Technical Assistance Report-Risk-Based Supervision Recovery Plans and Interest Rate Risk

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  • International Monetary Fund

Abstract

This paper presents Republic of Kazakhstan’s Technical Assistance (TA) report on risk-based supervision recovery plans and interest rate risk. The mission provided recommendations and training to the Agency on the assessment of banks’ recovery plans and interest rate risk in the banking book (IRRBB). The Agency continues to make progress on aligning its prudential regulatory and supervisory frameworks with international standards. The two missions in September 2020 and November 2020 focused on strengthening the Agency’s institutional set up, and on the implementation of certain elements of the Pillar 2 requirements of the Basel Framework. This mission recommended the Agency develop comprehensive regulatory requirements for banks’ recovery plans. The new framework should provide standards that comply with international standards and reflect proportional application to Kazakhstan banks’ systemic risk profile. A short-term follow-up TA can be considered to ensure consistency of the revised regulations with international standards. The mission included six training sessions for supervisors on IRRBB and recovery plans.

Suggested Citation

  • International Monetary Fund, 2022. "Republic of Kazakhstan: Technical Assistance Report-Risk-Based Supervision Recovery Plans and Interest Rate Risk," IMF Staff Country Reports 2022/212, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:2022/212
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