Georgian central bank starts operating new resolution framework
NBG says new resolution system will greatly increase Georgia’s financial stability
Georgia’s central bank has started operating a comprehensive framework for resolving distressed financial institutions, it announced on December 31.
The National Bank of Georgia said in a press release that having a fully fledged banking resolution system would greatly improve the country’s financial stability. The new system is fully in line with international best practice. The NBG will implement an action plan this year in collaboration with the country’s commercial lenders to make the
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