Regulatory Alerts2017-06-08 | 123443Regulation on the Criteria for Systemicity of Commercial Banks and Non-Bank Financial Credit Organizations
The National Bank of the Kyrgyz Republic issued this Regulation to establish quantitative and qualitative criteria for determining the systemic significance of commercial banks and non-bank financial credit organizations (NBFCOs). It mandates an annual assessment based on weighted indicators—including asset size, deposit shares, interconnectedness, and substitutability—to classify institutions as systemically significant, significant, or limitedly significant. Banks and NBFCOs meeting the threshold of 10% or higher are subject to tailored economic norms, enhanced disclosure requirements, and targeted supervisory measures to mitigate contagion risks and protect depositors.
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