The current worldwide economic downturn has strongly impacted nearly every countries all over the world. Thus, in order to avoid any further global financial crisis, governments have to restructure their financial supervisory mechanisms. While many states in the western world started to reform their supervisory frameworks, a small post-communist country developed a very interesting and uncommon model. Indeed, Georgia decided to simplify its financial supervisory architecture by transfering all regulatory and supervisory powers to its central bank.

In The Journal of Regulation, these keywords are done by the Editor and not by the Author.