Regulatory Alerts2005-03-19 | 129994Regulation on the Supervisory Committee of the National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issued this Regulation to define the structure, powers, and operational procedures of its Supervisory Committee, which oversees commercial banks, non-bank financial credit organizations, payment systems, and related entities. The Committee is empowered to enforce regulatory measures, approve key personnel, review systemic risks, and make binding decisions on licensing and sanctions to ensure financial stability. It operates through regular meetings with strict quorum and voting rules, while its Secretary manages administrative coordination and reporting to the Bank's Board.
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