Ivane Machavariani: I hope that National Bank will revise bank regulations

18:08, 04.04.2019

I did not support the initiative on imposing bank regulations of such a large scale and I do not support it now, – Finance Minister Ivane Machavariani told journalists after the governmental session.

Minister hopes that the National Bank will revise these regulations if necessary.

“I hope that the National Bank will revise these regulations if necessary. It’s a bit early to assess the effects of these regulations, but its effect on the construction sector, for example, is easy to see. I think that these regulations should be weakened as far as possible”, – the Finance Minister said.

As he noted the consultations are underway with the National Bank.

Economics

bank regulations