Georgia: Financial System Stability Assessment
November 26, 2001
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The Georgian financial system is small by international standards and by comparison with countries in the region. The vulnerabilities and policy challenges in the Georgian financial system are closely linked to the transitional stage of the economy. The legal framework governing the financial sector needs improvement. The assessment of compliance with the Basel Core Principles (BCP) for Effective Banking Supervision (EBS) found that while substantial advances in bank supervision have occurred during the past two to three years, there are several areas in need of improvement.
Subject: Bank supervision, Banking, Basel Core Principles, Commercial banks, Financial institutions, Financial markets, Financial regulation and supervision, Loans, Payment systems
Keywords: Bank supervision, banking system, Basel Core Principles, central bank, Commercial banks, country risk, CR, Europe, exchange rate, foreign currency, ISCR, Loans, monetary policy, Payment systems, U.S. dollar
Pages:
61
Volume:
2001
DOI:
Issue:
210
Series:
Country Report No. 2001/210
Stock No:
1GEOEA0022001
ISBN:
9781451814477
ISSN:
1934-7685
