Parties agreed to promote cooperation in supervision of cross-border banking and insurance establishments in their respective jurisdictions and facilitate supervisory information sharing between the CBIRC and the AFSA
The signing ceremony took place on July 4, 2018 in the backdrop of the launch of the Astana International Financial Centre by the President of Kazakhstan Mr. Nursultan Abishevich Nazarbayev.
CGTN's Michal Bardavid is talking to Stephen Glynn, CEO of the Astana Financial Services Authority to discuss the economic potentials of Kazakhstan and how it can affect the region.
The signing ceremony was held on the side lines of the official opening of the Astana International Financial Centre.
The objective of the Statement of Cooperation is to enhance mutual understanding of the legislative, procedural and information technology frameworks for Registrar and company registration functions in the Astana International Financial Centre and the ADGM.
The waiving of the license fee is an important first step in the development of the AIFC as it will significantly reduce the cost of doing business and encourage businesses to adopt the AIFC as a centre for financial services and non-financial services activities.
AFSA has been accepted as an associate member of the International Organization of Securities Commissions (IOSCO).
The agreement enables both Authorities to further collaborate on joint initiatives and efforts to bolster the growth of the financial markets in Abu Dhabi and Kazakhstan.
Lady Judge, a commercial lawyer, has a broad and successful international career as a senior executive, chairman and non-executive director in both the private and public sectors, and across various industries including energy, infrastructure, manufacturing, retailing and the financial services industry.
The Astana Financial Services Authority and the China Securities Regulatory Commission (CSRC) signed a Memorandum of Understanding (MoU) to co-operate in the areas of financial and capital markets.
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