Georgia: Financial System Stability Assessment
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Summary:
This paper discusses findings of the Financial System Stability Assessment for Georgia. Georgia has weathered several shocks, but still faces a number of important risks. The economy has withstood well the conflict with Russia, the global financial crisis, and domestic political uncertainty. Significant steps have been taken to strengthen banking regulation and supervision, which exhibit a very high degree of compliance with international standards. The National Bank of Georgia has also introduced an advanced risk-based supervisory regime while maintaining a conservative approach aimed at detecting vulnerabilities at an early stage, and allocating supervisory resources in the most efficient and effective manner.
Series:
Country Report No. 2014/355
Subject:
Banking Capital markets Commercial banks Credit Currencies Financial institutions Financial markets Loans Money
English
Publication Date:
December 19, 2014
ISBN/ISSN:
9781498367332/1934-7685
Stock No:
1GEOEA2014002
Pages:
63
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