Regulatory Alerts2019-03-13 | 128165Regulation on Mandatory Reserves
The National Bank of the Kyrgyz Republic establishes mandatory reserve requirements for commercial and state development banks, defining calculation bases, compliance periods, and differentiated reserve sizes. The Regulation mandates daily maintenance of minimum threshold levels, specifies calculation formulas for reserves and penalties, and outlines unilateral deduction procedures for non-compliance. It further grants the Board of Directors authority to adjust reserve standards, waive penalties during force majeure or special regimes, and impose targeted inspections or special regimes for systematic failures.
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