Article 1-1. The main goals, objectives and principles of state regulation in the field of banking activities of the Law on Banks and Banking Activities in the Republic of Kazakhstan

Home / RLA / Article 1-1. The main goals, objectives and principles of state regulation in the field of banking activities of the Law on Banks and Banking Activities in the Republic of Kazakhstan

1. The main objectives of state regulation in the field of banking are to establish the legal basis for banking, create and maintain a stable banking system in the Republic of Kazakhstan, form the infrastructure of the banking system of the Republic of Kazakhstan, and protect the rights and legitimate interests of depositors and creditors.

2. The main objectives of state regulation in the field of banking are:

1) creation and maintenance of a stable banking sector in the Republic of Kazakhstan and the formation of the infrastructure of the banking sector of the Republic of Kazakhstan;

2) regulation of the banking sector of the Republic of Kazakhstan, control and supervision of banking activities;

3) ensuring the protection of the rights and legitimate interests of depositors and creditors.

3. The main principles of government regulation in the field of banking are:

1) effective use of resources and instruments for regulating the activities of banks and other participants in the banking sector of the Republic of Kazakhstan;

2) transparency of the activities of banks and other participants in the banking sector of the Republic of Kazakhstan and financial supervision;

3) responsibility of banks and other participants of the banking sector of the Republic of Kazakhstan.

The Law of the Republic of Kazakhstan dated August 31, 1995 No. 2444.

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Republic of Kazakhstan

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