Regulatory Alerts2006-06-28 | 118738Regulation on Minimum Requirements for Market Risk Management in Commercial Banks and Other Financial-Credit Organizations Licensed by the National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issued this regulation to establish mandatory minimum requirements for market risk management in commercial banks and licensed financial-credit organizations. The document defines market risk, including interest rate, currency, and price risks, and mandates robust governance structures, internal controls, and reporting mechanisms overseen by the Board of Directors and Management. It further specifies technical requirements for measuring and mitigating risks through gap analysis, stress testing, and strict limits on trading and banking portfolios.
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