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Grigori Marchenko: banking success was not a magic formula. |
The Kazakh banking sector is widely regarded as the best in the Commonwealth of Independent States. How has this reputation been established?
There was no magic formula, it was simply a case of following international best practice as laid down by the Basle Committee of the Bank for International Settlements. That was the best thing to do for a small, open economy like Kazakhstan’s – we’re not a China or a Brazil which can produce its own economic model.
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