National Bank of Georgia to Become Member of IOPS

Formed in July 2004, the IOPS was instigated by the Organisation for Economic Co-operation and Development (OECD) and the International Network of Pension Regulators and Supervisors (INPRS).

The major goal of the IOPS is to improve the quality and effectiveness of the supervision of private pension systems throughout the world, thereby enhancing their development and operational efficiency, and allowing for the provision of a secure source of retirement income in as many countries as possible.

The organisation cooperates closely with other international organisations involved in pension supervision policy development and dialogue, including the OECD, the World Bank, ISSA, IAIS, and IMF.

As National Bank noted, becoming a member of IOPS is a big step forward, which gives an opportunity to the bank, to receive the experience accumulated in the field of Pension fund regulations. 

Nowadays, in IOPS representatives of 87 countries are united.