• Спецпроекты
  • Weather forecast
    • Exchange Rates
    • 427.41
    • 519.47
    • 5.78
  • SEND YOUR NEWS TO US WhatsApp +7 (777) 001 44 99
  1. Main
  2. Learn
  3. News overview
  4. Kazakhstan

Banks have become concentration of fraudsters: President Nazarbayev 01 сентября 2011, 13:47

President Nazarbayev urges Parliament to pass law on banks and banking operations.
  • ПОДЕЛИТЬСЯ
  • Vkontakte
  • Facebook
  • Twitter
  • Одноклассники
  • Telegram
Новостью поделились: человек

Nursultan Nazarbayev. Photo courtesy of akorda.kz Nursultan Nazarbayev. Photo courtesy of akorda.kz
Kazakhstan’s President Nursultan Nazarbayev has urged the nation’s Parliament to speed up passing the law on banks and banking operations. “The Parliament has been considering the draft legislation on banks aimed at minimizing risks for already a year. Debates have been on the rise on the draft law on project financing since late last year. The state of the global financial system remains alarming (…) These draft laws provide for legal safeguards for all types of consumers of financial services. I am asking you to speed up passing these laws”, President Nursultan Nazarbayev stated at the joint sitting of the two Parliament chambers September 1, opening the new session. “Three years ago we all witnessed to what happened to the national banking system (…) It’s the absolutely liberal banking system, absolutely uncontrolled, that resulted in such a lamentable situation. We still have to be dealing with some troubled banks. Banks, especially BTA, have become concentration of fraudsters (…) Therefore laws that will dot all the i’s are downright indispensable”, the President said.


Nobel prizewinner proposes a new city in KZ
New abnormal snowfalls expected in Kazakhstan
Huge glacier retreat triggered in 1940s
Hyperloop construction begins in Las Vegas
"Moonlight" to top Spirit Awards nominations
Oil prices fall due to investors uncertainty
New dwarf galaxy discovered around Milky Way
Kanat Islam becomes a top ten WBO boxer
World oil prices continue to rise
Kazakhstan expects warming - Kazhydromet
Merkel to seek fourth term as chancellor
Sale of Tintin drawings set to break records
US, EU stocks fall as markets focus on dollar
Pacific leaders urged to defend free trade
EU warns eight nations on budget deficit
Universiade-2017: Athletic Village is ready
Bob Dylan can't make Nobel ceremony
Messi will never leave Barca - club president
Google, Facebook take aim at 'fake' news
Aerosmith announces Europe 'farewell' tour
Putin, Trump to normalise US-Russia ties
At least 10 hurt in southern Turkey blast
6.2 quake hits western Japan