Reforming and Regulating the Deposit Insurance System in Georgia

The reform, regulation and further improvement of the deposit insurance system is an important proven mechanism for protecting depositors and, accordingly, the banking sector and maintaining the stability of the country's financial system. It allows for its effective management capabilities and ensures the protection of the financial market from various risks related to strengthening the financial security system of the state and the private sector, protecting depositors and preventing systemic crises in the banking sector. The paper analyzes the further stages of the reform and regulation of deposit insurance in Georgia, its economic and financial impact and risk management mechanisms.