Kazakh banks should go beyond Basel III, says central bank

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Kazakhstan's banks will need to hold more capital than they are required to under the Basel III requirements if they are to "smoothly absorb" the fallout from the realisation of "system-specific risks", according to the country's central bank.

The National Bank of Kazakhstan, in its financial stability report for 2012, published last week, says the country's banks will need to "establish capital adequacy requirements higher than the levels recommended under Basel III", despite demonstrating

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