Kazakhstan and Azerbaijan are strengthening cooperation in financial regulation, with a new focus on advanced supervisory technologies, artificial intelligence, and risk-based oversight.

The discussions took place during a meeting between Madina Abylkassymova, Chair of Kazakhstan’s Agency for Regulation and Development of Financial Market, and a delegation from the Central Bank of Azerbaijan led by Deputy Chairman Togrul Aliyev, The Caspian Post reports via Azertac.

The two sides exchanged experience on improving risk-based supervision, implementing modern analytical tools, and integrating digital solutions into regulatory activities. Discussions also covered approaches to assessing the resilience of financial institutions and enhancing oversight practices.

Consumer lending regulation was another key topic, including the management of interest rates and methodologies for calculating borrowers’ debt burden ratios.

As part of the Azerbaijani delegation’s visit, a series of expert sessions is scheduled to examine Kazakhstan’s supervisory framework, including the Supervisory Review and Evaluation Process (SREP), anti-money laundering measures, and efforts to combat terrorist financing.

Special attention will be given to the use of SupTech technologies and artificial intelligence in financial supervision, as well as internal capital and liquidity assessment frameworks for banks and approaches to managing model risk.

Officials from both countries emphasized the growing importance of digital innovation in financial regulation and agreed to continue sharing expertise on emerging challenges facing the financial sector.