Georgia Financial Sector Assessment Program : Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision / International Monetary Fund. Monetary and Capital Markets Department
Published
Washington, District of Columbia : International Monetary Fund, 2015
Cover; CONTENTS; GLOSSARY; SUMMARY, KEY FINDINGS AND RECOMMENDATIONS; A. Introduction; B. Information on the Methodology Used for Assessment; INSTITUTIONAL AND MACROECONOMIC SETTING AND MARKET STRUCTURE; PRECONDITIONS FOR EFFECTIVE BANKING SUPERVISION; A. Main Findings; TABLES; 1. Summary Compliance with the Basel Core Principles-Detailed Assessments; RECOMMENDED ACTIONS; 2. Recommendations to Improve Compliance with the Basel Core Principles; DETAILED ASSESSMENT; 3. Detailed Assessment of Compliance with the Basel Core Principles
Summary
There have been significant improvements in both the quality of regulation and thesupervisory approach since the 2007 FSAP. Many amendments to existing laws, new laws, and regulations have been introduced, aimed at addressing shortfalls identified in the 2007 FSAP. These improvements will be evident throughout this assessment. At the same time, a number of weaknesses have been identified. Among these is an operational risk within the NBG's own Banking Supervisory Department. There has been a very high level of staff turnover in recent years due to a lack of salary competitiveness vis-à-vis the
Notes
English
Online resource; title from PDF cover (ebrary, viewed March 6, 2015)
