Regulatory Alerts2024-04-08 | 1Regulation on Financial Collateral Management of NBG
The National Bank of Georgia issued this regulation to define the assets commercial and micro banks may pledge as collateral for NBG loans. It establishes six asset groups, detailing specific eligibility criteria for bonds and loan assets, including strict requirements for covered bonds and individual lending. The document further mandates pledge registration procedures, ongoing compliance monitoring, and the realization processes for collateral in the event of bank default.
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