Regulatory Alerts2023-03-31 | 118925Regulation on Minimum Requirements for a Settlement Bank
The National Bank of the Kyrgyz Republic issued this Regulation to establish minimum requirements for commercial banks acting as settlement banks for payment system operators. It mandates that these banks maintain sufficient liquidity, participate in real-time gross and batch clearing systems, and ensure uninterrupted final settlements through primary and reserve channels. The document further defines their contractual obligations, risk management duties, and the specific terms required in agreements with payment system operators to guarantee operational continuity and financial stability.
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