On January 1^st, 2020, as part of the reorganization of the National Bank of Kazakhstan, an agency on regulation and development of the financial markets started to operate, Allinsurance.kz reported.

The new financial regulator will provide an appropriate level of protection of the rights and interests of financial services consumers, it will help to ensure the stability of the financial system and it will take part in the development of the financial markets through implementing state regulations, control and supervision of the market and its involved parties.

The agency will set standards for all financial organizations and it will monitor closely the financial market in order to maintain the stability of the financial system of Kazakhstan.