Regulatory Alerts2018-06-20 | 127043Instruction on the Implementation of Banking Supervision
The National Bank of the Kyrgyz Republic issues this Instruction to establish the legal framework for banking supervision, defining the roles of risk-oriented oversight and inspectorate checks to ensure systemic stability. It mandates continuous remote monitoring of financial health and risk profiles, requiring banks to maintain strict data protection, provide unrestricted access to records, and cooperate with designated institutional inspectors. The document details the procedures, scope, and objectives for both comprehensive and targeted inspections, including sudden audits, to evaluate compliance, corporate governance, and risk management practices.
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