The banking sector is developing rapidly in Afghanistan. The financial institutions in general, however, face a wide range of strategic, operational and legal challenges, in particular evolving regulatory standards and sometimes lax corporate governance structure. To stay competitive, financial institutions need to improve capacity for effective compliance with regulations. With our extensive knowledge of national banking regulation and our multi- jurisdictional capabilities, we are well positioned to help financial institutions deal effectively and creatively with regulatory and compliance related issues.
Kakar advocates is well equipped to provide banks and non-banking financial institutions (NBFIs) the appropriate legal support they need to thrive. Our attorneys have in-depth expertise in virtually all aspect of banking law, including crafting specific policies and procedures, designing formal structures for corporate governance, structuring syndicated debt transactions and engineering capital acquisitions.
Our team has had substantial engagement with Afghanistan banking sector since the Firm’s inception. Our Managing Partner has served as the Chairman of the Board of Supervisors for a state-owned commercial bank and we have actively collaborated with Central Bank on a number of assignments such as development of statutory architecture for Islamic Banking and Sharia compliant products in Afghanistan as well as provided legal service on resolution of disputes.
Working with our clients we devise comprehensive strategic tools to safeguard their assets and reputation and enable them to pursue their business objective with confidence.
We provide service on a diverse range of bank related issued, including:
- Regulatory compliance and supervisory reporting.
- Corporate governance systems, structure and application.
- Regulatory capital, liquidity and leverage bench marking and other enhanced prudential requirement.
- Restructuring and recovery of non-performing debt obligations.
- Structured transactions of syndicated loans and corporate investment.
- Design and development of Sharia compliant products.
- Application and mainstreaming of AML (Anti-Money Laundering) system and practices.
- Design and development of asset and liabilities related policies and procedures including the composition of ALCO (Asset and Liability Committee).
- Advise board of supervisor on major investment in particular CAPEX (Capital Expenditure) planning, compliance and implementation.