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Kazakhstan's banking sector needs more state regulation - Massimov

ASTANA. September 24. KAZINFORM /Kanat Kulshmanov/ The banking sector of Kazakhstan needs more state regulation. Kazakh Prime Minister Karim Massimov has made it public at the third roundtable with representatives of the foreign and national business circles. "Tendencies of the international market lead to that the state should regulate the banking sphere. We will see what will happen in the global market, and will follow this tendency", K.Massimov said. "Kazakhstan is one of the first countries of the world, which was affected by the world financial crisis. We faced the first facts of the crisis consequences while holding the first roundtable two years ago, in September, 2007. And it influenced the Kazakh market," the Premier added. "The last two years were very hard, but I think that we are close to solution of the most difficult problems in the Kazakh banking system", K.Massimov noted. The Prime Minister noted that Kazakhstan will follow up the progress of G20 meeting next week.


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