The Astana Financial Services Authority (AFSA), the regulatory body of the Astana International Financial Centre (AIFC), has become a signatory to the IOSCO Multilateral Memorandum of Understanding concerning Consultation and Cooperation and the Exchange of Information (IOSCO MMoU). Becoming a signatory to the MMoU confirms that the AIFC financial regulatory framework complies with global standards […]
The Astana Financial Services Authority (AFSA) registered the 200th company with the AIFC. This event coincided with the holding of Astana Finance Days, the annual financial conference that traditionally brings together global experts and government officials, representatives of business and academia in early July. The geography of registered participants of the AIFC covers more than […]
China Construction Bank Corporation (CCB) received a licence to carry out financial services at the Astana International Financial Centre. CCB is authorised to carry on the banking services and capital market operations through its Astana Branch in the AIFC. CCB is second largest bank in the world by total assets and is the first fully authorised […]
The Astana Financial Services Authority (AFSA) has entered into a Memorandum of Understanding (MoU) with the Financial Services Commission (FSC) and Financial Supervisory Services (FSS) of Republic of Korea. The MoU was signed by Mr. Mukhtar Bubeyev, the Acting Chief Executive Officer of the AFSA, Mr. Yong Beom Kim, the Vice Chairman of the FSC and […]
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 […]
The Astana Financial Services Authority (“AFSA”) has entered into a Memorandum of Understanding (“MoU”) with the Banking Regulation and Supervision Agency of Turkey (“BRSA”) in support of regulatory cooperation in banking industry. The signing ceremony was held in Istanbul, Turkey on 12 February 2019. The MoU was signed by Mr. Mukhtar Bubeyev, the Acting Chief […]
The Global Financial Innovation Network (GFIN) is a newly-formed alliance of 28 financial regulators and organisations including, Financial Conduct Authority of the UK, International Monetary Fund, World Bank Group and Astana Financial Services Authority, committed to: (1) collaborate and share experience of innovation in respective markets; (2) exchange of knowledge and lessons learned in RegTech […]
The ceremony of joining the Group of Banking Supervisors from Central and Eastern Europe (BSCEE), a regional group of Basel Committee on Banking Supervision, took place on 26 November 2018 in Abu Dhabi on the margins of the International Conference on Banking Supervision of the Basel Committee. Membership of the Astana Financial Services Authority (AFSA) […]
Monetary Authority of Singapore (“MAS”), Astana Financial Services Authority (“AFSA”) and Astana International Financial Centre Authority (“AIFCA”) have signed a tripartite Cooperation Agreement to boost FinTech ties between Singapore and Kazakhstan. The Agreement provides a framework for cooperation between AFSA, AIFCA and MAS in FinTech innovations, allowing the three authorities to explore possibilities of joint […]