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Reforms Of Banking Supervision In Bulgaria

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  • MIROSLAV NEDELCHEV

    (Economic Research Institute, Bulgarian Academy of Sciences)

Abstract

The aim of the paper is to present the dynamics in the banking supervision of Bulgaria. The international trend to extend the scope of banking supervision is reflected in the national policy for development of banking system. The recommendations in the European directives create an environment for the restructuring of banking supervision in individual Member States to scope extension to non-financial information and good corporate governance practices. The results of the paper reach a new wave, which is aimed at modernizing and restructuring both the banking system, as well as the banking supervision. The dynamics of adapting banking supervision to the new reality differs for home and host countries. For the banking system of Bulgaria, which is predominantly represented by subsidiaries of European banking groups, the supervision authority is restructured towards non-financial information, including good practices of corporate governance.

Suggested Citation

  • Miroslav Nedelchev, 2018. "Reforms Of Banking Supervision In Bulgaria," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 14(1), pages 125-134.
    • Handle: RePEc:neo:journl:v:14:y:2018:i:1:p:125-134
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    References listed on IDEAS

    as
    1. Miroslav Nedelchev, 2018. "Extension Of The Scope Of Banking Supervision," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 14(1), pages 136-147.
    2. Irina Petkova Kazandjieva-Yordanova, 2017. "Does the Too Big to Fail Doctrine Have a Future?," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 51-78, March.
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    7. International Monetary Fund, 2015. "Republic of San Marino: Staff Report for the 2015 Article IV Consultation," IMF Staff Country Reports 2015/094, International Monetary Fund.
    8. International Monetary Fund, 2015. "Bulgaria: Financial Sector Assessment Program - Detailed Assessment of Observance on the Basel Core Principles for Effective Banking Supervision," IMF Staff Country Reports 2015/295, International Monetary Fund.
    9. International Monetary Fund, 2015. "South Africa: Financial Sector Assessment Program-Detailed Assessment of Compliance on the Basel Core Principles for Effective Banking Supervision," IMF Staff Country Reports 2015/055, International Monetary Fund.
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    More about this item

    Keywords

    supervision culture; corporate governance; non-financial information;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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