Nazarbayev assigned National Bank to develop mechanism of minimization of system risks of financial sector of economy

Astana. November 17. Kazakhstan Today - The head of state, Nursultan Nazarbayev, assigned the National Bank to develop an efficient mechanism of minimization of the system risks of the financial sector of the economy. The President of Kazakhstan gave an assignment during the meeting concerning development of the financial sector with participation of the Prime Minister of Kazakhstan, Karim Masimov, the head of the President's Administration, Aslan Musin, the chairman of the National Bank, Grigory Marchenko, the chairman of the Regional Financial Center of Almaty, Arken Arystanov, chairman chairman of Agency for Regulation and Supervision of the Financial Market and Financial Organizations of Kazakhstan, Elena Bahmutova, the chairman of Association of Financiers, Serik Ahanov, and the heads of banks of the second level, the agency reports citing the president's press service.

During the meeting, the officials discussed the questions of further development of the financial sphere in the country and also the concept of development of the financial sector of Kazakhstan during the post-crisis period.

According to the press service, within the new concept of the financial sector, the role of the National Bank as the central body responsible for maintenance of financial stability in the country will be strengthened.

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