Tajik and Kazakh Central Bank Delegations visit National Bank of Georgia to learn about Georgian supervision model
09 October, 2014
Tajik and Kazakh Central Bank Delegations visit National Bank of Georgia to learn about the reforms carried out in relation to banking supervision and to share the experience. The study program, which is funded by the World Bank, consists of two stages and the second half of the delegation shall visit Georgia at the end of October.
Within the scope of the visit the guests learn about the basic principles and framework of risk-based supervisory approach implemented by the National Bank, including the issues of consolidated supervision, stress-test methodology and quality analysis of credit assets.
It must be noted that the interest towards supervisory approaches of the National Bank has increased since the joint mission of International Monetary Fund and World Bank published positive report within the scope pf “Financial Sector Assessment Program” (FSAP).
According to the assessment of the mission, National Bank of Georgia has implemented modern risk-based supervision framework, which provides for early identification of risks and the most effective distribution of supervisory resources.
Sharing the experience about successful implementation of such projects by the National Bank of Georgia, and about developed supervisory tools and techniques is very important for the representatives of the Central Bank of Tajikistan.
“We are glad that we had the chance to learn about the reforms implemented at the National Bank. We believe that the innovations that were introduced in your department of supervision are very interesting for us and we plan to actively share your experience” - said Abdukamir Negmatov, Deputy Chairman of the Central Bank of Tajikistan.
Georgian supervisors introduced best practices of problem bank identification, effective corrective measures and resolutions to Kazakh colleagues.
The National Bank of Georgia is planning to actively export its reforms in future and share with its foreign colleagues the experience of efficient implementation of international best practices and its innovative resolutions.