National Bank of Kazakhstan
Financial stability and macroprudential policy
Financial stability is a state of the financial system, which ensures its smooth and sustainable performance, supports the business activity of the real sector of the economy, and with no systemic risks and crises.
The National Bank of Kazakhstan independently and through interaction with other state bodies develops and implements measures to ensure financial system stability. The National Bank of Kazakhstan:
1) carries out regular monitoring of macroeconomic and macro-financial factors affecting stability of the financial system;
2) determines macroprudential policy;
3) provides emergency liquidity in accordance with the law.
The lender of last resort function of the National Bank of Kazakhstan designed to cover the short-term liquidity deficit of solvent banks in order to limit the systemic risk exposure in the financial system.