ARFR to tighten control over banks' operations in Kazakhstan
The regulator proposed to develop a data mart
The Agency for Regulation and Development of the Financial Market of Kazakhstan (ARFR, directly subordinate to the President of the Republic) proposed to develop special databases that will help control the activities of banks and identify risks at an early stage. The draft resolution was published on the 'Open NPA' website.
The document amends the law 'On Banks and Banking Activities in the Republic of Kazakhstan', adopted in January 2026. This refers to data marts — systematized information that banks will collect in their digital infrastructure.
The ARFR project defines how this data should be formed and under what conditions the regulator will receive it. In particular, a new procedure and deadlines for providing information are established. The requirements will apply to Kazakh financial organizations and branches of non-resident banks.
It is specified that the amendments will help to transfer the Agency's requests to second-tier banks into digital format. The regulator will gain secure access to the information necessary for supervision.
