“I do not support any market regulations but if certain rules are not established, the market will be in chaos”, – said Nikoloz Kurdiani, deputy general director of TBC Bank.
The bank made this statement during the presentation of clip of “Financial Pyramids” by the National Bank of Georgia (NBG). He believes that there should be certain frames for placing of corporate securities in order to protect the population further.
Kurdiani also notes that the deposit rates cannot be dropped from the market, as the private proponents are doing it to attract money.
The president of the National Bank also announces tightening of legislation to protect the population from “Financial Pyramids”. What changes are to be made to code “On National Bank of Georgia”, Koba Gvenetadze has not specified