Regulatory Alerts2005-12-15 | 129058Regulation on Minimum Requirements for Operational Risk Management in Commercial Banks of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issued this regulation to establish mandatory minimum requirements for operational risk management in commercial banks. The document mandates the development of risk policies, internal controls, and business continuity plans, while introducing specific anti-fraud system requirements for remote banking services. It further defines operational risk categories, outsourcing governance standards, and reporting obligations to ensure regulatory compliance and financial stability.
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