IMF praises Georgia’s non-bank overhaul, but says issues remain
“Issues and challenges” could still threaten the sector’s viability, fund staff warn
An overhaul of non-bank supervision by the National Bank of Georgia (NBG) and the country’s government has made “significant progress”, but some issues still remain, according to a report by the International Monetary Fund.
In May 2017, an IMF technical assistance team visited Georgia to help the authorities deal with a sector that was lightly regulated and “virtually unsupervised”. Since then, new legislation and action by the central bank have tightened the regulatory regime and toughened
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Financial inclusion
New measurement shows ‘historically high’ Canadian financial stress
Financial fragility is concentrated among renters and some mortgage holders, paper says
AI threatens labour’s share of income, research finds
AI could increase inequality and social unrest, Philadelphia Fed paper argues
Global Money Week aims for better money sense
OECD event aimed at boosting financial literacy receives attention in central and eastern Europe
Unconscious bias ‘blights female economists’ career prospects’
Bank of Italy study examines impact of referral letters for male and female job candidates
Singapore and Ghana aim to improve MSME finance
Project aims to create “universal trusted credentials” to assess smaller firms’ creditworthiness
Immigration decline hurts growth and inflation prospects – Fed research
Dallas Fed VP says “absolutely” a link between low immigration and rising inflation
Bank Negara Malaysia commits to improve financial inclusion
BNM says the pandemic has eroded many people’s financial buffers
Gender equality is key to sustainable development
Bank of Zambia’s Rekha Mhango sets out central bank’s strategy on financial inclusion
Most read
- ECB says iPhone is currently incompatible with digital euro
- Supervisors grapple with the smaller bank dilemma
- ‘Do I die, or do I survive?’ Officials reflect on Basel III complexity