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Kazakhstan government, National Bank and Financial Control Agency signed financial stability memorandum

Almaty. November 23. Kazakhstan Today - The National Bank and the Agency of the Republic of Kazakhstan for regulation and supervision of financial market and financial organizations signed the memorandum concerning financial stability on November 10, 2007, to increase financial stability, organize effective system of interaction of the state bodies and organize the work on duly revealing of threats for financial stability, and carry out the coordinated policy on regulation of risks of subjects of financial relations by the government, the agency reports referring to the press service of the National Bank. According to the press service, the memorandum defines main principles of maintenance of financial stability, the objective and the role of each of the parties on maintenance of financial stability according to Kazakhstan legislation, procedures of information interaction, and also the principles and mechanisms of minimization of the negative effect of system crises.

Resourse: Kazakhstan Today

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