Regulatory Alerts2024-12-27 | 123161Regulation on Internal Procedures for Assessing Capital Adequacy of Commercial Banks of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issued this regulation to mandate that commercial banks develop and maintain robust internal capital adequacy assessment processes (ICAAP) tailored to their specific risk profiles and business models. The document establishes strict requirements for the annual preparation, board approval, and submission of comprehensive ICAAP reports by May 31, covering risk identification, capital planning, stress testing, and risk appetite frameworks. It further defines standardized terminology and detailed reporting structures to ensure consistent supervisory evaluation and proportional risk management across the banking sector.
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