Regulatory Alerts2017-06-15 | 131795Regulation on Enforcement Measures Applied to Banks Licensed by the National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issues this regulation to establish the legal framework for applying enforcement measures to commercial banks to ensure financial stability and prevent illicit activities. The document defines unhealthy and unsafe banking practices, outlines the hierarchy of sanctions ranging from warnings to license revocation, and details the procedures for voluntary commitments and specific penalties like fines and orders. It mandates that banks maintain adequate capitalization and cooperate with supervisory authorities to rectify violations and mitigate risks to depositors and the broader banking system.
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