/IRBIS, October 30, 2008/ - October 22 the Parliament of Republic of
Kazakhstan adopted the draft law "On inclusion changes in some legal acts
of Republic of Kazakhstan on financial system stability issues". The
mentioned changes provide improvement mechanism of preventive risks
exposure in financial system and expanding of competence of authorized
body in case of shareholders` default of demands on financial status
improvement.
Bulk of analysts, participated in the current expert interview of IRBIS
Information Agency of Financial Markets, see the positive sides of accretion
of government power, implemented by the mentioned amendments into the
current Legislation of Kazakhstan. But still experts doubt on efficiency and
further consequences of mentioned changes.
More detailed information on expert interview, dated October 30, 2008 is
available at
http://www.kase.kz/mix/exp_301008_fin.pdf.
The expert interview is conducted weekly on the basis of the most acute questions
of domestic and world markets development. Participants of the interview are
experts of leading Kazakhstan professional participants of financial markets.
For additional information: Tel.: (727) 237 53 41, 237 53 28
[2008-10-30]