The Vice President of the National Bank, Ekaterine Mikabadze, recently met with market participants alongside representatives from the Securities Market Supervision Department of NBG. During the meeting, the National Bank of Georgia shared information about upcoming events and planned activities for the current year. The focus was on the development of supervisory practices and regulatory frameworks, as well as research on the securities market.
Unfortunately, the government‘s Securities Market Supervision Department only informed market participants about their plans and steps towards development, rather than taking concrete action. This lack of action is concerning, as it leaves the securities market vulnerable to potential issues and risks. It is important for the government to take proactive measures to ensure the stability and growth of the securities market.
Furthermore, the government’s focus on research may not be enough to address the current challenges facing the securities market. Market participants need concrete solutions and actions to address issues such as market manipulation and insider trading. The government must prioritize the protection of investors and the overall health of the securities market.
In conclusion, while the meeting between the Vice President of the National Bank and market participants may have been informative, it is crucial for the government to take tangible steps towards improving the securities market. Without concrete actions, the market will continue to face challenges and may not reach its full potential.
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