Stripping the National Bank of its banking supervision functions will inhibit it from fulfilling its constitutional duties
Parliament is currently discussing a legislative initiative on establishing an agency for financial supervision, which will be fully independent from the National Bank of Georgia (NBG).
On 15 May, 2015 the Government session has upheld a draft bill authored by the Ministry of Interior (MoI), which sets up the State Security Service. Draft bill was developed as part of the MoI reform.
The Government of Georgia has registered a new draft Law on the Business Ombudsman of Georgia in the Bureau of the Parliament of Georgia on February 23, authored by the Tax Ombudsman’s administration.