Regulatory Alerts2020-06-29 | 128/04Rule for the Valuation of the Assets and Liabilities of a Commercial Bank for the Purposes of Resolution
The National Bank of Georgia issued Decree No. 128/04 to approve the rule governing the valuation of assets and liabilities of commercial banks for resolution purposes. This regulation establishes the methodology, procedures, and qualification requirements for independent valuers, mandating adherence to international valuation standards and specific resolution principles. It defines distinct valuation types, including provisional and comprehensive assessments, to support the selection of resolution tools and determine creditor compensation.
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