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SYSTEMICALLY IMPORTANT BANKS IN THE NATIONAL ECONOMY: IDENTIFICATION CRITERIA, ROLE AND APPROACHES TO REGULATION

Abstract

The purpose of the research is based on the study of the international practice of identifying systemically important banks, clarify the methodology for their assessment, identify systemically important banks for the economy of Kazakhstan, classify them and substantiate the need for a differentiated approach in regulating banking activities.
Methodology. To implement the set tasks, the article uses the methods of logical and statistical analysis, observation, generalization, comparison and classification. The works of foreign and domestic scientists and practitioners of international organizations and scientific centers, statistical data and reports of the National Bank of the Republic of Kazakhstan, country and industry reviews of leading rating agencies were studied.
Findings. A comparative analysis of the international practice of identification and regulation of systemically important banks is carried out, banks that have systemic importance for the economy of Kazakhstan are identified, their classification by the level of systemic importance is proposed, and approaches to their regulation are shown. The conclusions and recommendations can be used by the National Bank of Kazakhstan, banking supervisory authorities to improve the level and quality of corporate governance in large credit institutions and further improve the regulation of banking activities.

About the Authors

S. A. Svyatov
Narxoz University
Kazakhstan
Almaty


M. A. Svyatova
Innovative University of Eurasia
Kazakhstan
Pavlodar


References

1. “Basel Committee on Banking Supervision” (2013), Global systemically important banks: updated assessment methodology and the higher loss absorbency requirement, 23 p.

2. “Basel Committee on Banking Supervision” (2012), A framework for dealing with domestic systemically important banks, 17 p.

3. “Doklad Banka Rossii «Ob opredelenii sistemno znachimyh kreditnyh organizacij i podhodov k ih regulirovaniyu»” (2020), Doklad dlya obshchestvennyh konsul'tacij, Moscow, 30 p. (In Russian).

4. “National Bank of Ukraine Updates the List of Systemically Important Banks” (2020), available at: https://bank.gov.ua/en/news/all/natsionalniy-bank-onoviv-perelik-sistemno-vajlivih-bankiv (accessed: July 25, 2020).

5. “Polozhenie o kriteriyah sistemnosti kommercheskih bankov i nebankovskih finansovo – kreditnyh organizacij”, available at: https://www.nbkr.kg/contout.jsp?item=103&lang=RUS&material=81527 (accessed: July 25, 2020) (In Russian).

6. “Rules for classifying financial organizations as systemically important”, Resolution of the Board of the National Bank of the Republic of Kazakhstan dated De cember 24, 2014, No. 257, available at: www.nationalbank.kz (accessed: July 25, 2020).

7. “Rules for classifying financial organizations as systemically important”, Resolution of the Board of the National Bank of the Republic of Kazakhstan dated December 23, 2019, No. 240, available at: https://www.nationalbank.kz. (accessed: July 25, 2020).

8. “Information on balances on balance sheet and off-balance sheet accounts”, National Bank of Kazakhstan, available at: https://nationalbank.kz/ru/news/svedeniya-po-ostatkam/rubrics/1464 (accessed: July 25, 2020).

9. “Investment portfolio for pension assets”, available at: https://www.enpf.kz/ru/indicators/invest/structure.php (accessed: July 25, 2020).

10. List of companies, Kazakhstan Stock Exchange KASE, available at: https://kase.kz/ru/issuers/ (accessed: July 25, 2020).


Review

For citations:


Svyatov S.A., Svyatova M.A. SYSTEMICALLY IMPORTANT BANKS IN THE NATIONAL ECONOMY: IDENTIFICATION CRITERIA, ROLE AND APPROACHES TO REGULATION. Central Asian Economic Review. 2020;(4):127-135. (In Russ.)

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ISSN 2789-4398 (Print)
ISSN 2789-4401 (Online)