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Supervisory Reporting Of The National Bank Of Georgia Was Assessed Positively

A delegation from the De Nederlandsche Bank (DNB) visited the National Bank of Georgia in order to get acquainted with the supervisory reporting system of the NBG.

Representatives from the DNB and NBG exchanged their views on data quality, risk data aggregation and reporting, as well as the associated supervisory approach of each central bank in respect to the abovementioned topics.

Furthermore, the XBRL reporting standard for supervisory reporting was also discussed. During the consultations, the NBG demonstrated the use of its in-house supervisory report processing system, which was assessed positively by the visiting delegation from the DNB.

Representatives of DNB and NBG met with commercial banks on the topics of data quality and XBRL. During the visit, the parties also agreed on holding a conference on the “Supervision of Data Quality with Respect to Data Aggregation and Risk Reporting” for central bankers in Tbilisi, which is planned for June, 2017.