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Pillar 3 Regulation

Georgia Current 2017

Pillar 3, adopted on July 22, 2017 (the Pillar 3 Regulation) requires disclosures on corporate governance and risks. Transparency of information of commercial banks is one of the constituents for the transparency of the financial sector. According to the requirements of the National Bank, reports prepared according to both International Financial Reporting Standards (IFRS) and Pillar 3 are accessible. These include information on bank risk exposures, regulatory capital elements, corporate governance and risk management.

Scope

Corporate Governance

Issuer name

Association of Banks of Georgia

Organizations covered by the instrument

Large private and listed companies

Industry scope

Financial Services

Status

Current

Country

Georgia

Region

Europe

Date of publication

2017

Issuer type

Financial Market Regulators

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

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