Publication:
Georgia : Financial Sector Assessment Update

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-06-14T17:56:47Z
dc.date.available2012-06-14T17:56:47Z
dc.date.issued2007-01
dc.description.abstractThe 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.identifierhttp://documents.worldbank.org/curated/en/2007/01/7324138/georgia-financial-sector-assessment-update
dc.identifier.doi10.1596/8043
dc.identifier.urihttps://hdl.handle.net/10986/8043
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectAFFILIATE
dc.subjectAFFILIATES
dc.subjectAGENTS
dc.subjectAUDITING
dc.subjectAUDITS
dc.subjectAUTOMATED TELLER MACHINES
dc.subjectBALANCE SHEETS
dc.subjectBANK ASSETS
dc.subjectBANK AUDITS
dc.subjectBANK FAILURES
dc.subjectBANK SUBSIDIARIES
dc.subjectBANK SUPERVISION
dc.subjectBANKING LAW
dc.subjectBANKING SECTOR
dc.subjectBANKING SUPERVISION
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBANKRUPTCY PROCEDURES
dc.subjectBANKS
dc.subjectBROKERS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCAPITALIZATION
dc.subjectCENTRAL BANK
dc.subjectCHECKS
dc.subjectCLEARING SYSTEMS
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMISSIONERS
dc.subjectCOMPETITIVENESS
dc.subjectCONNECTED LENDING
dc.subjectCONSOLIDATED SUPERVISION
dc.subjectCONTAGION
dc.subjectCONTINGENCY PLANNING
dc.subjectCONTRACTUAL SAVING
dc.subjectCONTRACTUAL SAVINGS
dc.subjectCORPORATE BONDS
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORPORATE SECTOR
dc.subjectCOVERAGE
dc.subjectCREDIT CONCENTRATION
dc.subjectCREDIT COOPERATIVES
dc.subjectCREDIT INSTITUTIONS
dc.subjectCREDIT RISK
dc.subjectCREDIT RISK MANAGEMENT
dc.subjectCREDIT UNIONS
dc.subjectDEBT
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSITS
dc.subjectENFORCEMENT POWERS
dc.subjectEQUITY INVESTMENTS
dc.subjectEXCHANGE RATES
dc.subjectEXTERNAL AUDITORS
dc.subjectFINANCIAL CONGLOMERATES
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL INFRASTRUCTURE
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL REPORTING
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STABILITY
dc.subjectFOREIGN EXCHANGE
dc.subjectGUIDELINES
dc.subjectHEALTH INSURANCE
dc.subjectINFLATION
dc.subjectINSOLVENCY
dc.subjectINSOLVENT BANKS
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE SUPERVISION
dc.subjectINSURERS
dc.subjectINTEGRITY
dc.subjectINTEREST RATES
dc.subjectINTERNAL AUDITS
dc.subjectINTERNAL CONTROLS
dc.subjectINTERNATIONAL ACCOUNTING STANDARDS
dc.subjectJOINT STOCK COMPANIES
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGISLATION
dc.subjectLENDER OF LAST RESORT
dc.subjectLIABILITY
dc.subjectLIABILITY INSURANCE
dc.subjectLIFE INSURANCE
dc.subjectLIQUIDITY
dc.subjectMARKET RISKS
dc.subjectMARKET TRADING
dc.subjectMARKET TRANSPARENCY
dc.subjectMICROFINANCE
dc.subjectMONETARY POLICY
dc.subjectMORTGAGES
dc.subjectOPERATIONAL RISKS
dc.subjectPAYMENT SYSTEMS
dc.subjectPENALTIES
dc.subjectPENSIONS
dc.subjectPORTFOLIOS
dc.subjectPREMIUMS
dc.subjectPRIVATE BANKS
dc.subjectPRIVATIZATION
dc.subjectPROBLEM BANKS
dc.subjectPROFITABILITY
dc.subjectPROGRAMS
dc.subjectPROPERTY INSURANCE
dc.subjectPRUDENTIAL REQUIREMENTS
dc.subjectPRUDENTIAL RULES
dc.subjectPUBLIC DEBT
dc.subjectREGULATORY FRAMEWORK
dc.subjectRESERVE REQUIREMENT
dc.subjectRESERVES
dc.subjectRISK ASSESSMENT
dc.subjectRISK-WEIGHTED ASSETS
dc.subjectSECURITIES
dc.subjectSECURITIES MARKETS
dc.subjectSECURITIZATION
dc.subjectSENSITIVITY ANALYSES
dc.subjectSHAREHOLDERS
dc.subjectSMALL BANKS
dc.subjectSOLVENCY
dc.subjectSTATUTORY AUDITS
dc.subjectSTOCK EXCHANGES
dc.subjectSUBSIDIARIES
dc.subjectSUBSIDIARY
dc.subjectSUPERVISORY AGENCIES
dc.subjectSUPERVISORY AUTHORITIES
dc.subjectSUPERVISORY FRAMEWORK
dc.subjectSUPERVISORY REGIME
dc.subjectSUSTAINABILITY
dc.subjectTRADING
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSPARENCY
dc.subjectVULNERABILITY
dc.titleGeorgia : Financial Sector Assessment Updateen
dspace.entity.typePublication
okr.date.disclosure2008-06-09
okr.date.doiregistration2025-05-07T11:24:47.340180Z
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program (FSAP)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2007/01/7324138/georgia-financial-sector-assessment-update
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeFinance and Markets
okr.identifier.externaldocumentum000011823_20070116161324
okr.identifier.internaldocumentum7324138
okr.identifier.report38397
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/01/16/000011823_20070116161324/Rendered/PDF/383970GE0P0989310IDASecM20710015.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryGeorgia
okr.region.geographicalAsia
okr.region.geographicalCommonwealth of Independent States
okr.region.geographicalEastern Europe
okr.sectorFinance :: General finance sector
okr.themeStandards and financial reporting
okr.themeRegulation and competition policy
okr.themeLegal institutions for a market economy
okr.themeInternational financial architecture
okr.themeFinancial and private sector development
okr.themeRule of law
okr.themeTrade and integration
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicInsurance and Risk Mitigation
okr.topicLaw and Development::Banking Law
okr.topicBanks and Banking Reform
okr.topicFinancial Crisis Management and Restructuring
okr.unitFinancial Sector Assessment Prog (FPDFP)
okr.volume1 of 1
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