Methodology and Prudential Regulation of Financial Organizations Department

Key Functions of the Department:

1) developing regulatory approaches and methodologies for the financial market in line with the main directions of state policy for the development of the financial system of the Republic of Kazakhstan, taking into account international standards and best practices (the Basel Committee on Banking Supervision, the International Association of Insurance Supervisors, the International Organisation of Pension Supervisors, the International Organization of Securities Commissions, the European Union, and the Islamic Financial Services Board);

2) promoting the development of the financial market of the Republic of Kazakhstan and financial products, as well as ensuring a level playing field for financial institutions based on the principles of fair competition;

3) preventing market abuse;

4) promoting the development of financial institutions.