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Idea of joining up National Bank and Agency for Financial Supervision needs to be considered

31.07.2009, 16:38 5631

Almaty. July 31. Kazakhstan Today - We need to consider the idea of joining up of the National Bank and the Agency for Financial Supervision. The chairman of the board of the Fund of National Welfare Samruk-Kazyna, Kayrat Kelimbetov, informed, the agency reports citing the newspaper Panorama.

"On the eve of the crisis, we borrowed the most advanced British experience of division of the functions of regulation and National Bank. I do not think that it was a big system error, but, maybe, we should have thought it more carefully if this would work in our country," K. Kelimbetov said.

"The head of the state assigned to consider the concept of the financial sphere after the crisis. One of the ideas, which will be considered in the near future, is joining up of the National Bank and the Agency for Financial Supervision," Samruk-Kazyna chairman considers.

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