Georgia to transfer supervision back to central bank

Financial supervision in Georgia is set to revert to the country's central bank little over a year after the creation of a new regulatory authority.

The National Bank of Georgia is to regain supervision in December, 20 months after the establishment of the Georgian Financial Supervisory Agency in April 2008. The central bank had been responsible for regulation from its 1991 inception until last year.

The move to transfer power back to the central bank comes after the global economic crisis under

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