Georgia: Financial System Stability Assessment

December 19, 2014

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Format: Chicago

Georgia: Financial System Stability Assessment, (USA: International Monetary Fund, 2014) accessed November 23, 2024

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.

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

Publication Details

Pages:

63
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/355
Stock No:

1GEOEA2014002
ISBN:

9781498367332
ISSN:

1934-7685

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