Regulatory Alerts2015-07-15 | 93989On Amendments and Additions to Certain Regulatory Legal Acts of the National Bank of the Kyrgyz Republic on Risk Management and Oversight of the Payment System
The National Bank of the Kyrgyz Republic issued Resolution No. 2019-P-14/46-3-(PS) on September 2, 2019, amending its oversight and risk management policies for payment systems. The resolution updates terminology, establishes quantitative criteria for classifying significant and systemically important payment systems and critical service providers, and mandates continuous monitoring, assessment, and enforcement measures to mitigate systemic risk. Payment system operators, payment organizations, and commercial banks must align their operations with these amended requirements by December 1, 2019.
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