World Bank2012-06-122012-06-122007-09https://hdl.handle.net/10986/7900This 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.CC BY 3.0 IGOACCESS TO INFORMATIONACCOUNTABILITY STRUCTUREACCOUNTINGACCOUNTING STANDARDSAGRICULTURAL BANKASSET QUALITYASSET-BACKED SECURITIESAUCTIONSBALANCE OF PAYMENTSBALANCE SHEETSBANK ACCOUNTBANK BRANCHESBANK CREDITBANK LENDINGBANKING ASSETSBANKING LAWBANKING SECTORBANKING SYSTEMBANKRUPTCIESBANKRUPTCYBROAD MONEYCAPITAL ADEQUACYCAPITAL INFLOWSCAPITAL MARKETCAPITAL MARKET DEVELOPMENTCAPITAL MARKETSCENTRAL BANKCENTRAL DEPOSITORYCOLLATERALCOMMERCIAL BANKSCORPORATE BONDSCORPORATE GOVERNANCECREDIBILITYCREDIT AGENCIESCREDIT BUREAUCREDIT CULTURECREDIT DECISIONSCREDIT INFORMATIONCREDIT INFORMATION BUREAUCREDIT INSTITUTIONSCREDIT MARKETCREDIT RISKCREDIT UNIONCREDIT UNIONSCREDITORCREDITOR RIGHTSDEBT MANAGEMENTDEBT MARKETDEBT OUTSTANDINGDEBT SERVICEDEMAND FOR CREDITDEPOSITDEPOSIT TAKING INSTITUTIONSDEPOSITORSDEPOSITSDOMESTIC CAPITALDOMESTIC CAPITAL MARKETDUE DILIGENCEECONOMIC DEVELOPMENTENFORCEMENT POWERSEXPORT GROWTHEXTERNAL BORROWINGFINANCIAL DEVELOPMENTFINANCIAL INFORMATIONFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL INSTRUMENTSFINANCIAL INTERMEDIATIONFINANCIAL MARKETFINANCIAL MARKETSFINANCIAL SECTORFINANCIAL STATEMENTSFINANCIAL SYSTEMFISCAL CAPACITYFISCAL CONSTRAINTSFISCAL DECENTRALIZATIONFIXED INVESTMENTSFLOATING EXCHANGE RATEFOREIGN BANKSFOREIGN CURRENCIESFOREIGN CURRENCYFOREIGN EXCHANGEFOREIGN EXCHANGE RISKFOREIGN EXCHANGE RISKSGOVERNMENT BONDGOVERNMENT BOND MARKETGOVERNMENT DEBTGOVERNMENT FINANCESGOVERNMENT POLICIESINCOME STREAMINFLATIONINSTITUTIONAL INVESTORSINSURANCEINSURANCE COMPANIESINSURANCE COMPANYINSURANCE INDUSTRYINSURANCE MARKETINSURANCE PENETRATIONINSURANCE PREMIUMSINSURANCE PRODUCTSINTEREST RATEINTEREST RATE SPREADSINTEREST RATESINTERNATIONAL FINANCIAL INSTITUTIONSINTERNATIONAL STANDARDSINVESTMENT CLIMATEINVESTMENT FUNDINVESTMENT FUNDSINVESTOR BASEISSUANCEJOINT-STOCK COMPANIESJUDICIAL SYSTEMLEGAL AUTHORITYLEGAL CONSTRAINTSLEGAL FRAMEWORKLEGAL PROTECTIONLEGAL SYSTEMLENDERSLIFE INSURANCELIFE INSURANCE PREMIUMSLIQUIDATIONLIQUIDITYLIQUIDITY MANAGEMENTLIQUIDITY RISKSLIVING STANDARDSLOANLOAN PORTFOLIOLOAN SIZELOCAL STOCK EXCHANGESLONG-TERM LOANSMACROECONOMIC STABILITYMARKET DISCIPLINEMARKET FOR GOVERNMENT SECURITIESMARKET INFRASTRUCTUREMARKET INTEREST RATESMARKET INTERMEDIARIESMARKET LIQUIDITYMARKET PARTICIPANTSMARKET PLAYERSMARKET PRACTICESMARKET TURNOVERMATURITYMICRO CREDITMICRO FINANCEMICRO FINANCE INSTITUTIONMICRO FINANCE INSTITUTIONSMICRO-FINANCEMICROFINANCEMICROFINANCE INSTITUTIONSMINIMUM CAPITAL REQUIREMENTSMONETARY POLICYMORTGAGEMORTGAGE BONDSMORTGAGESMUNICIPAL BONDSNATIONAL BANKNATURAL DISASTERSNON-PERFORMING LOANSNPLOIL PRICESPAWNSHOPPAYMENT SYSTEMPAYMENT SYSTEMSPENSIONPENSION FUNDPENSION FUNDSPENSION REFORMPENSION SYSTEMPENSIONSPOST OFFICEPOST OFFICE NETWORKPRICE DISCOVERYPRICE STABILITYPROPERTY RIGHTSPRUDENTIAL SUPERVISIONPUBLIC DEBTREGULATORY FRAMEWORKREMITTANCESRESERVESRETAIL INVESTORRETURNRISK MANAGEMENTRISK MANAGEMENT SYSTEMSSAVINGS INSTRUMENTSSAVINGS SERVICESSECONDARY MARKETSECURITIES MARKETSECURITIES MARKETSSETTLEMENTSETTLEMENT SYSTEMSSHAREHOLDERSSHORT MATURITIESSHORT-TERM CAPITALSMALL BORROWERSSMALL ENTERPRISE FINANCESTOCK EXCHANGESTOCK EXCHANGESSTOCK MARKETSTOCK MARKET CAPITALIZATIONSTRATEGIC INVESTORSUPERVISORY AUTHORITIESSUPERVISORY AUTHORITYTAXTAX INCENTIVESTAX TREATMENTTERRORISMTRADINGTRADING SYSTEMTRADING SYSTEMSTRANSPARENCYTREASURYTREASURY BILLTREASURY BILLSTURNOVERWARRANTSWorld Bank10.1596/7900