The National Bank of Georgia continues to formalize regulations on financial sector supervision and to make them public. As part of its effort to facilitate the stability, credibility and transparency of the market, the National Bank has developed a draft decree on system buffers. The document, available for stakeholder consultation, incorporates international best practices and country-specific factors.

 

The decree is about greater transparency of updated approach of the NBG towards systemically important commercial banks and setting a systemic buffer for them. It also serves to update and set systemically important buffers using the new approach.

 

The NBG welcomes comments and notes from interested parties to the following e-mail address: sb@nbg.gov.ge before November 1, 2022. The draft decree is available at the following link.