Georgia: Financial System Stability Assessment
IMF Staff Country Reports, December 19, 2014
Source details
- Canonical URL
- Georgia: Financial System Stability Assessment
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Bibliographic details
- Published: December 19, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498367332.002
Summary
- Publication date: December 19, 2014
- Scope: Findings of the Financial System Stability Assessment for Georgia.
- Core message: Georgia has weathered several shocks but still faces a number of important risks. Significant steps have been taken to strengthen banking regulation and supervision, which exhibit a very high degree of compliance with international standards.
Key findings and analysis
- Resilience to shocks:
- The economy has withstood the conflict with Russia, the global financial crisis, and domestic political uncertainty.
- Regulatory and supervisory strength:
- Banking regulation and supervision exhibit a very high degree of compliance with international standards.
- The National Bank of Georgia (NBG) has introduced an advanced risk-based supervisory regime.
- The NBG maintains a conservative approach aimed at:
- Detecting vulnerabilities at an early stage.
- Allocating supervisory resources in the most efficient and effective manner.
- Identified risks:
- The assessment notes that Georgia still faces a number of important risks (not further specified on this page).
Subjects and keywords
- Subject: Banking, Capital markets, Commercial banks, Credit, Currencies, Financial institutions, Financial markets, Loans, Money
- Keywords: B. bank resolution, bank assets, bank resolution regime, banking sector, banking system, Capital markets, Commercial banks, concentration risk, CR, Credit, Currencies, debt market, financial system, foreign currency, Global, ISCR, Loans, NBG decree, NBG law, nonfinancial investment, nonresident deposit, risk appetite