Publication:
Georgia : Financial Sector Assessment Update

dc.contributor.author World Bank
dc.date.accessioned 2012-06-14T17:56:47Z
dc.date.available 2012-06-14T17:56:47Z
dc.date.issued 2007-01
dc.description.abstract The Financial System Assessment (FSA) is based on the work of the joint IMF-World Bank Financial Sector Assessment Program (FSAP) Update mission to Georgia during February 15-28,2006. The principal objective of the FSAP Update was to assist the authorities in evaluating the potential vulnerabilities and development priorities of the Georgian financial system. Following reviews within the IMF and the World Bank. The report provides a summary of the main findings and recommendations. Some of he priority recommendations are : Crisis Management and Bank Resolution : establish formal crisis management team and develop a crisis management strategy and contingency plan. Financial Sector Supervision : amend law to give the NBG authority to establish fit and proper criteria for bank owners, to determine the source of the owners' capital, and to mandate changes in a bank's ownership. The same power should also be given to insurance and securities supervisors; also amend regulations to apply capital and other prudential requirements on a consolidated basis; and adopt legislation to stimulate cooperation and allow for the sharing of information among domestic financial sector supervisors. Financial Sector Development : develop, under the lead of the NBG, elements of the financial sector infrastructure, including low the value payments system and widespread use of electronic payment instruments throughout the country; develop a national strategy to address the lack of financial services in large parts of the country, especially in rural areas; and allow insurance companies to diversify their investments. en
dc.identifier http://documents.worldbank.org/curated/en/2007/01/7324138/georgia-financial-sector-assessment-update
dc.identifier.uri http://hdl.handle.net/10986/8043
dc.language English
dc.language.iso en_US
dc.publisher Washington, DC
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject ACCOUNTABILITY
dc.subject ACCOUNTING
dc.subject AFFILIATE
dc.subject AFFILIATES
dc.subject AGENTS
dc.subject AUDITING
dc.subject AUDITS
dc.subject AUTOMATED TELLER MACHINES
dc.subject BALANCE SHEETS
dc.subject BANK ASSETS
dc.subject BANK AUDITS
dc.subject BANK FAILURES
dc.subject BANK SUBSIDIARIES
dc.subject BANK SUPERVISION
dc.subject BANKING LAW
dc.subject BANKING SECTOR
dc.subject BANKING SUPERVISION
dc.subject BANKING SYSTEM
dc.subject BANKRUPTCY
dc.subject BANKRUPTCY PROCEDURES
dc.subject BANKS
dc.subject BROKERS
dc.subject CAPITAL MARKETS
dc.subject CAPITAL REQUIREMENTS
dc.subject CAPITALIZATION
dc.subject CENTRAL BANK
dc.subject CHECKS
dc.subject CLEARING SYSTEMS
dc.subject COMMERCIAL BANKS
dc.subject COMMISSIONERS
dc.subject COMPETITIVENESS
dc.subject CONNECTED LENDING
dc.subject CONSOLIDATED SUPERVISION
dc.subject CONTAGION
dc.subject CONTINGENCY PLANNING
dc.subject CONTRACTUAL SAVING
dc.subject CONTRACTUAL SAVINGS
dc.subject CORPORATE BONDS
dc.subject CORPORATE GOVERNANCE
dc.subject CORPORATE SECTOR
dc.subject COVERAGE
dc.subject CREDIT CONCENTRATION
dc.subject CREDIT COOPERATIVES
dc.subject CREDIT INSTITUTIONS
dc.subject CREDIT RISK
dc.subject CREDIT RISK MANAGEMENT
dc.subject CREDIT UNIONS
dc.subject DEBT
dc.subject DEPOSIT INSURANCE
dc.subject DEPOSITS
dc.subject ENFORCEMENT POWERS
dc.subject EQUITY INVESTMENTS
dc.subject EXCHANGE RATES
dc.subject EXTERNAL AUDITORS
dc.subject FINANCIAL CONGLOMERATES
dc.subject FINANCIAL INFORMATION
dc.subject FINANCIAL INFRASTRUCTURE
dc.subject FINANCIAL INSTITUTIONS
dc.subject FINANCIAL REPORTING
dc.subject FINANCIAL SECTOR DEVELOPMENT
dc.subject FINANCIAL SERVICES
dc.subject FINANCIAL STABILITY
dc.subject FOREIGN EXCHANGE
dc.subject GUIDELINES
dc.subject HEALTH INSURANCE
dc.subject INFLATION
dc.subject INSOLVENCY
dc.subject INSOLVENT BANKS
dc.subject INSURANCE
dc.subject INSURANCE COMPANIES
dc.subject INSURANCE SUPERVISION
dc.subject INSURERS
dc.subject INTEGRITY
dc.subject INTEREST RATES
dc.subject INTERNAL AUDITS
dc.subject INTERNAL CONTROLS
dc.subject INTERNATIONAL ACCOUNTING STANDARDS
dc.subject JOINT STOCK COMPANIES
dc.subject LAWS
dc.subject LEGAL FRAMEWORK
dc.subject LEGISLATION
dc.subject LENDER OF LAST RESORT
dc.subject LIABILITY
dc.subject LIABILITY INSURANCE
dc.subject LIFE INSURANCE
dc.subject LIQUIDITY
dc.subject MARKET RISKS
dc.subject MARKET TRADING
dc.subject MARKET TRANSPARENCY
dc.subject MICROFINANCE
dc.subject MONETARY POLICY
dc.subject MORTGAGES
dc.subject OPERATIONAL RISKS
dc.subject PAYMENT SYSTEMS
dc.subject PENALTIES
dc.subject PENSIONS
dc.subject PORTFOLIOS
dc.subject PREMIUMS
dc.subject PRIVATE BANKS
dc.subject PRIVATIZATION
dc.subject PROBLEM BANKS
dc.subject PROFITABILITY
dc.subject PROGRAMS
dc.subject PROPERTY INSURANCE
dc.subject PRUDENTIAL REQUIREMENTS
dc.subject PRUDENTIAL RULES
dc.subject PUBLIC DEBT
dc.subject REGULATORY FRAMEWORK
dc.subject RESERVE REQUIREMENT
dc.subject RESERVES
dc.subject RISK ASSESSMENT
dc.subject RISK-WEIGHTED ASSETS
dc.subject SECURITIES
dc.subject SECURITIES MARKETS
dc.subject SECURITIZATION
dc.subject SENSITIVITY ANALYSES
dc.subject SHAREHOLDERS
dc.subject SMALL BANKS
dc.subject SOLVENCY
dc.subject STATUTORY AUDITS
dc.subject STOCK EXCHANGES
dc.subject SUBSIDIARIES
dc.subject SUBSIDIARY
dc.subject SUPERVISORY AGENCIES
dc.subject SUPERVISORY AUTHORITIES
dc.subject SUPERVISORY FRAMEWORK
dc.subject SUPERVISORY REGIME
dc.subject SUSTAINABILITY
dc.subject TRADING
dc.subject TRANSITION ECONOMIES
dc.subject TRANSPARENCY
dc.subject VULNERABILITY
dc.title Georgia : Financial Sector Assessment Update en
dspace.entity.type Publication
okr.date.disclosure 2008-06-09
okr.doctype Economic & Sector Work :: Financial Sector Assessment Program (FSAP)
okr.doctype Economic & Sector Work
okr.docurl http://documents.worldbank.org/curated/en/2007/01/7324138/georgia-financial-sector-assessment-update
okr.globalpractice Finance and Markets
okr.globalpractice Governance
okr.globalpractice Finance and Markets
okr.identifier.externaldocumentum 000011823_20070116161324
okr.identifier.internaldocumentum 7324138
okr.identifier.report 38397
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/01/16/000011823_20070116161324/Rendered/PDF/383970GE0P0989310IDASecM20710015.pdf en
okr.region.administrative Europe and Central Asia
okr.region.country Georgia
okr.region.geographical Asia
okr.region.geographical Commonwealth of Independent States
okr.region.geographical Eastern Europe
okr.sector Finance :: General finance sector
okr.theme Standards and financial reporting
okr.theme Regulation and competition policy
okr.theme Legal institutions for a market economy
okr.theme International financial architecture
okr.theme Financial and private sector development
okr.theme Rule of law
okr.theme Trade and integration
okr.topic Finance and Financial Sector Development :: Financial Intermediation
okr.topic Insurance and Risk Mitigation
okr.topic Law and Development :: Banking Law
okr.topic Banks and Banking Reform
okr.topic Financial Crisis Management and Restructuring
okr.unit Financial Sector Assessment Prog (FPDFP)
okr.volume 1 of 1
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