Kyrgyz Republic - Financial Sector Assessment

This Financial Sector Assessment (FSA) summarizes the structural and developmental aspects of the 2006 FSAP Update report for the Kyrgyz Republic. The stability and prudential oversight aspects of that report, including the factual updates of ROSCs and the results of the Anti Money Laundering and Combating the Financing of Terrorism (AML/CFT) assessment, are summarized in the Financial System Stability Assessment (FSSA) that was discussed by the IMF Board, as part of the Article IV Consultation, in May 2007. This FSA should be read together with the FSSA in order to get a full sense of the findings and recommendations of the 2006 Kyrgyz Republic FSAP Update. The key conclusion of the FSAP Update is that key challenges today pertain to the regulation, supervision and development of the non bank finance sector, and to access to finance.

Bibliographic Details

Main Author:	World Bank
Language:	English
Published:	Washington, DC 2007-09
Subjects:	ACCESS TO INFORMATION, ACCOUNTABILITY STRUCTURE, ACCOUNTING, ACCOUNTING STANDARDS, AGRICULTURAL BANK, ASSET QUALITY, ASSET-BACKED SECURITIES, AUCTIONS, BALANCE OF PAYMENTS, BALANCE SHEETS, BANK ACCOUNT, BANK BRANCHES, BANK CREDIT, BANK LENDING, BANKING ASSETS, BANKING LAW, BANKING SECTOR, BANKING SYSTEM, BANKRUPTCIES, BANKRUPTCY, BROAD MONEY, CAPITAL ADEQUACY, CAPITAL INFLOWS, CAPITAL MARKET, CAPITAL MARKET DEVELOPMENT, CAPITAL MARKETS, CENTRAL BANK, CENTRAL DEPOSITORY, COLLATERAL, COMMERCIAL BANKS, CORPORATE BONDS, CORPORATE GOVERNANCE, CREDIBILITY, CREDIT AGENCIES, CREDIT BUREAU, CREDIT CULTURE, CREDIT DECISIONS, CREDIT INFORMATION, CREDIT INFORMATION BUREAU, CREDIT INSTITUTIONS, CREDIT MARKET, CREDIT RISK, CREDIT UNION, CREDIT UNIONS, CREDITOR, CREDITOR RIGHTS, DEBT MANAGEMENT, DEBT MARKET, DEBT OUTSTANDING, DEBT SERVICE, DEMAND FOR CREDIT, DEPOSIT, DEPOSIT TAKING INSTITUTIONS, DEPOSITORS, DEPOSITS, DOMESTIC CAPITAL, DOMESTIC CAPITAL MARKET, DUE DILIGENCE, ECONOMIC DEVELOPMENT, ENFORCEMENT POWERS, EXPORT GROWTH, EXTERNAL BORROWING, FINANCIAL DEVELOPMENT, FINANCIAL INFORMATION, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL INSTRUMENTS, FINANCIAL INTERMEDIATION, FINANCIAL MARKET, FINANCIAL MARKETS, FINANCIAL SECTOR, FINANCIAL STATEMENTS, FINANCIAL SYSTEM, FISCAL CAPACITY, FISCAL CONSTRAINTS, FISCAL DECENTRALIZATION, FIXED INVESTMENTS, FLOATING EXCHANGE RATE, FOREIGN BANKS, FOREIGN CURRENCIES, FOREIGN CURRENCY, FOREIGN EXCHANGE, FOREIGN EXCHANGE RISK, FOREIGN EXCHANGE RISKS, GOVERNMENT BOND, GOVERNMENT BOND MARKET, GOVERNMENT DEBT, GOVERNMENT FINANCES, GOVERNMENT POLICIES, INCOME STREAM, INFLATION, INSTITUTIONAL INVESTORS, INSURANCE, INSURANCE COMPANIES, INSURANCE COMPANY, INSURANCE INDUSTRY, INSURANCE MARKET, INSURANCE PENETRATION, INSURANCE PREMIUMS, INSURANCE PRODUCTS, INTEREST RATE, INTEREST RATE SPREADS, INTEREST RATES, INTERNATIONAL FINANCIAL INSTITUTIONS, INTERNATIONAL STANDARDS, INVESTMENT CLIMATE, INVESTMENT FUND, INVESTMENT FUNDS, INVESTOR BASE, ISSUANCE, JOINT-STOCK COMPANIES, JUDICIAL SYSTEM, LEGAL AUTHORITY, LEGAL CONSTRAINTS, LEGAL FRAMEWORK, LEGAL PROTECTION, LEGAL SYSTEM, LENDERS, LIFE INSURANCE, LIFE INSURANCE PREMIUMS, LIQUIDATION, LIQUIDITY, LIQUIDITY MANAGEMENT, LIQUIDITY RISKS, LIVING STANDARDS, LOAN, LOAN PORTFOLIO, LOAN SIZE, LOCAL STOCK EXCHANGES, LONG-TERM LOANS, MACROECONOMIC STABILITY, MARKET DISCIPLINE, MARKET FOR GOVERNMENT SECURITIES, MARKET INFRASTRUCTURE, MARKET INTEREST RATES, MARKET INTERMEDIARIES, MARKET LIQUIDITY, MARKET PARTICIPANTS, MARKET PLAYERS, MARKET PRACTICES, MARKET TURNOVER, MATURITY, MICRO CREDIT, MICRO FINANCE, MICRO FINANCE INSTITUTION, MICRO FINANCE INSTITUTIONS, MICRO-FINANCE, MICROFINANCE, MICROFINANCE INSTITUTIONS, MINIMUM CAPITAL REQUIREMENTS, MONETARY POLICY, MORTGAGE, MORTGAGE BONDS, MORTGAGES, MUNICIPAL BONDS, NATIONAL BANK, NATURAL DISASTERS, NON-PERFORMING LOANS, NPL, OIL PRICES, PAWNSHOP, PAYMENT SYSTEM, PAYMENT SYSTEMS, PENSION, PENSION FUND, PENSION FUNDS, PENSION REFORM, PENSION SYSTEM, PENSIONS, POST OFFICE, POST OFFICE NETWORK, PRICE DISCOVERY, PRICE STABILITY, PROPERTY RIGHTS, PRUDENTIAL SUPERVISION, PUBLIC DEBT, REGULATORY FRAMEWORK, REMITTANCES, RESERVES, RETAIL INVESTOR, RETURN, RISK MANAGEMENT, RISK MANAGEMENT SYSTEMS, SAVINGS INSTRUMENTS, SAVINGS SERVICES, SECONDARY MARKET, SECURITIES MARKET, SECURITIES MARKETS, SETTLEMENT, SETTLEMENT SYSTEMS, SHAREHOLDERS, SHORT MATURITIES, SHORT-TERM CAPITAL, SMALL BORROWERS, SMALL ENTERPRISE FINANCE, STOCK EXCHANGE, STOCK EXCHANGES, STOCK MARKET, STOCK MARKET CAPITALIZATION, STRATEGIC INVESTOR, SUPERVISORY AUTHORITIES, SUPERVISORY AUTHORITY, TAX, TAX INCENTIVES, TAX TREATMENT, TERRORISM, TRADING, TRADING SYSTEM, TRADING SYSTEMS, TRANSPARENCY, TREASURY, TREASURY BILL, TREASURY BILLS, TURNOVER, WARRANTS,
Online Access:	http://documents.worldbank.org/curated/en/2007/09/8498292/kyrgyz-financial-sector-assessment-update https://hdl.handle.net/10986/7900
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