The employees from the Resolution and Liquidation Department of the National Bank of Georgia (NBG) conducted a two-day seminar to share their expertise on bank resolution practices with representatives from the Central Bank of Azerbaijan, as reported by the NBG.

The seminar was part of a collaborative effort aimed at strengthening the banking resolution framework between the two institutions.

During the seminar, Azerbaijani delegates were introduced to the "intricacies of the resolution framework" utilized by the NBG, which, according to the Bank, aligns with the European Union's Bank Recovery and Resolution Directive.

Key topics discussed included the preparation of recovery plans and identification of critical functions, development of resolution plans, various resolution tools, and the minimum requirements for eligible liabilities and capital instruments.

The NBG emphasized its ongoing commitment to collaborating with Azerbaijani counterparts to support the implementation and enhancement of the bank resolution framework.