Regulatory Alerts2017-06-14 | 126307Added · Updated
Regulation on the Lender of Last Resort Credit
The National Bank of the Kyrgyz Republic establishes the conditions, procedures, and collateral requirements for providing last-resort credit to commercial banks facing liquidity crises or financial distress. The regulation mandates the appointment of a temporary administration, restricts the use of funds to liquidity support and deposit repayments, and prohibits payments to affiliated persons or administrative bonuses. It defines eligible collateral, interest calculation methods, and the National Bank's rights to suspend credit lines, demand early repayment, or seize assets in case of non-compliance.
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