Regulatory Alerts2017-06-15 | 123489Regulation on the Procedure for Conducting Certain Banking Operations by Banks of the Kyrgyz Republic in Case of Temporary Administration or Liquidation
The National Bank of the Kyrgyz Republic issued this regulation to establish the legal framework for the irrevocability of banking operations during temporary administration or liquidation proceedings. It defines the scope of final settlements, including interbank payments, retail transactions, and specific financial instruments like swaps and repos, ensuring their completion despite the bank's distressed status. The document outlines the powers of the temporary administrator to block accounts, restrict operations, and enforce obligations to protect depositors and maintain systemic stability.
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