National Bank of Georgia Shares Resolution Framework Expertise with Central Bank of Azerbaijan
A delegation from the Financial Stability Department of the National Bank of Georgia (NBG) conducted a working visit to the Central Bank of Azerbaijan, where they shared insights and best practices on bank resolution frameworks.
According to a statement published by the NBG, discussions focused on several key areas of resolution planning, including:
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Assessment of critical banking functions
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Preparation of recovery and resolution plans
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Legal mechanisms for implementing resolution tools
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Guarantees ensuring the integrity of the resolution framework
Participants also reviewed Georgia’s bank resolution architecture, which is aligned with international standards, such as the Financial Stability Board’s Core Principles and the European Resolution Framework.
The meeting fostered bilateral knowledge exchange and marked another step in strengthening regional cooperation on financial stability. The NBG confirmed its intention to continue close collaboration with its Azerbaijani counterparts across a range of supervisory and policy areas.
