European Parliament Library

Georgia :, Financial System Stability Assessment

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
Table Of Contents
Cover; CONTENTS; GLOSSARY; EXECUTIVE SUMMARY; TABLES; 1. Key Recommendations; MACROECONOMIC ENVIRONMENT AND FINANCIAL SECTOR STRUCTURE; A. Macroeconomic Setting and Outlook; B. Financial Sector Structure; 2. Structure of the Financial System, 2010-13; FINANCIAL STABILITY; A. Risks and Vulnerabilities; 3. Financial Soundness Indicators, 2010-13; FIGURES; 1. Commercial Bank Liquidity and Funding; 2. Commercial Bank Asset Quality; 3. Credit to the private sector and Credit-to-GDP Gap; BOXES; 1. Nonresident Deposits in Georgian Banks; 2. How Did the Banking Sector Cope with the 2008 Dual Shocks?
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (64 p.)
Specific Material Designation
Form Of Item

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