Order N 173/04 on Determining Countercyclical Buffer

Order N 173/04, issued by the Governor of the National Bank of Georgia on December 18, 2017, sets the countercyclical buffer at 0%. This order applies to commercial banks under the regulatory framework of the National Bank of Georgia. The regulation becomes effective upon publication.

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[Unofficial translation]
Order N 173/04 of the Governor of the National Bank of Georgia December 18, 2017 Tbilisi On Determining Countercyclical Buffer In accordance with the requirements of Subparagraph “z” of Paragraph 1 of Article 15, Subparagraph “a” of Paragraph 1 of Article 49 and the Paragraph 3 of the Organic Law of Georgia on the National Bank of Georgia, Article 9, Paragraph 1 of Article 19 and Article 21 of the Law of Georgia on Commercial Bank Activities and Article 8 2 of Order N 100/04 (October 28, 2013) of the Governor of the National bank of Georgia on Regulation on Capital Adequacy Requirements for Commercial Banks, I declare:
Article 1.
Countercyclical buffer to be determined as 0%.
Article 2.
This Order shall become effective upon publication.

Lineage: In force

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Source: National Bank of Georgia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works