Regulatory Alerts2017-06-15 | 119388Regulation on Minimum Requirements for Risk Management in Banks of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issued this Regulation to establish mandatory minimum requirements for risk management organization in commercial banks and guarantee funds. It mandates the establishment of independent risk management departments, defines core risk categories, and requires banks to implement comprehensive risk identification, measurement, control, and monitoring processes aligned with a formally approved risk appetite and strategic business plans. Furthermore, it outlines the composition and duties of the Risk Management Committee, enforces consolidated risk oversight across all subsidiaries, and subjects risk management functions to regular internal audits and supervisory assessments by the National Bank.
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