- Manager: Djumanazarov Uchqun Xudoynazarovich
Contact details
Phone: 71 212-73-93
Tasks and Functions
Tasks of the Department:
- Identify systemic risks.
- Assess the resilience of the financial system to systemic risks.
- Develop and implement macroprudential policy frameworks and instruments.
Functions of the Department:
- Develop early warning indicators for cyclical, structural, and climate-related systemic risks, and calculate and analyse risk maps, financial conditions, and financial stress indices.
- Develop econometric models for the identification and assessment of systemic risks.
- Monitor macro-financial conditions and trends, as well as risks and market expectations reflected in the financial stability reports of foreign central banks.
- Analyse developments in the banking and non-bank financial sectors, and conduct surveys to identify emerging systemic risks.
- Analyse the household sector, assess household debt vulnerabilities, and conduct surveys on household indebtedness.
- Analyse developments in the corporate sector and assess related systemic risks.
- Analyse developments in the real estate market and develop models to estimate the fundamental value of residential property.
- Analyse developments in the capital market and monitor conditions in international financial markets.
- Prepare and publish the Financial Stability Report.
- Develop macroeconomic scenarios for top-down stress testing.
- Develop satellite econometric models linking macroeconomic shocks to financial system vulnerabilities.
- Develop econometric models for assessing financial stability indicators.
- Conduct solvency, liquidity, and climate stress tests to assess the resilience of the financial system to systemic risks.
- Assess contagion and spillover risks within the financial system.
- Develop quantitative models for calibrating macroprudential capital buffers.
- Formulate macroprudential policy proposals and assess their consistency with other macroeconomic policy frameworks.
- Develop, implement, and continuously enhance macroprudential policy instruments, including the systemic risk buffer.
- Develop frameworks for the calibration and application of macroprudential capital buffers.
- Calculate the appropriate level of the countercyclical capital buffer using quantitative methodologies and prepare policy recommendations.
- Assess banks for systemic importance and prepare proposals for their designation as systemically important banks.
- Evaluate the effectiveness of macroprudential policy instruments.
- Perform the Secretariat functions of the Financial Stability Council.
- Conduct research to strengthen the analytical and methodological foundations of macroprudential policy.
