The Astana Financial Services Authority (AFSA) has entered into the Agreement with the National Bank of the Republic of Kazakhstan (NBRK) in relation to mutual co-operation.
The Agreement will provide for formal cooperation arrangements, including exchange of information and assistance in performing of supervisory functions. In particular, it allows the exchange of information to fulfill the tasks assigned to regulators and provides for the creation of mechanisms to discuss issues of mutual interest.
The agreement will serve as a strategic platform for establishing and expanding cooperation in various fields in order to stimulate the growth of financial services sectors.
AIFC pursues objectives for the development of the securities market, insurance and banking services, Islamic finance and FinTech. Effective cooperation with the National Bank of Kazakhstan is an important priority for the AFSA. It is expected that cooperation with the National Bank of Kazakhstan will allow the two regulators to perform their functions more effectively.