The National Bank of Georgia supervises commercial banks as part of its mission to promote financial stability.
The requirements related to the supervision and regulation of commercial banks are stipulated in the Organic Law of Georgia on the National Bank of Georgia, the Law of Georgia on the Activities of Commercial Banks and other legal acts.
The NBG oversight of the banking sector is guided by the risk-based supervision principles. These imply that greater supervisory resources are devoted to more complex or high-risk institutions or transactions.
The banking supervision and regulation standards are based on international best practices, including EU legislation, and standards and principles developed by the Basel Committee on Banking Supervision.