Criteria for Identification and Regulation of Systemically Important Banks
Dalke A. Svyatov S. Ruziyeva E.
2025Walter de Gruyter GmbH
Accounting, Economics and Law: A Convivium
2025
Systemically important banks play a key role in ensuring the stability of the countrys financial system. Therefore, their identification and further regulation of their activities is an important objective facing the relevant authorities. Based on this, the research aims to evaluate Kazakhstans criteria for determining systemic importance in banking, assess the rationale behind its specific approach, and compare it with international practices to ensure effective management of systemic risks. The study calculates a generalized indicator of systemic importance for Kazakhstani banks by applying a weighted methodology based on assets, liabilities, deposits, loan portfolios, and other financial indicators to categorize banks into systemically important, potentially systemically important, and non-systemically important categories. Systemically important banks play a crucial role in the stability of both national financial systems and economies at large. In Kazakhstan, the National Bank identifies and supervises these banks using a methodology that evaluates the size of assets and liabilities, significance to the financial infrastructure, business complexity, and economic interconnectedness. The criteria aim to quantify the systemic importance and ensure that regulations are tailored to the risk profile of each institution. As of early 2023, institutions like JSC Halyk Savings Bank of Kazakhstanand JSC Kaspi Bankare recognized as systemically important, with others deemed potentially significant. The regulation of these banks includes additional capital provisions to mitigate risks and promote financial stability. Proposed measures suggest varying regulatory intensity based on the calculated systemic importance, including enhanced credit risk management. This approach aims to diminish market concentration and encourage equity among financial entities. Despite advancements, the Kazakhstani banking sectors evolution faces challenges, such as the need for improved financial literacy and a more competitive environment. Continuous international cooperation is essential, as global practices provide valuable insights that can refine local regulations. This integration of local and international regulatory frameworks aims to foster a resilient financial system in Kazakhstan.
credit organisations , financial system , governance , liabilities , stability , supervision
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School of Economics and Management, Narxoz University, Almaty, Kazakhstan
Narxoz University, Almaty, Kazakhstan
Department of Accounting and Finance, Almaty Technological University, Almaty, Kazakhstan
School of Economics and Management
Narxoz University
Department of Accounting and Finance
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