Bulgaria Financial Sector Assessment Program : Stocktaking of Progress Achieved by the Bulgarian National Bank in Strengthening Banking Supervision
This technical note (TN) provides a stocktaking of the current state of the implementation of the key recommendations made by the IMF and the World Bank in their 2015 assessment report on the observance of Basel Core Principles (BCPs) for effective...
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/834241497970508751/Bulgaria-Stocktaking-of-progress-achieved-by-the-Bulgarian-National-Bank-in-strengthening-banking-supervision-technical-note http://hdl.handle.net/10986/27551 |
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okr-10986-275512021-05-25T09:01:35Z Bulgaria Financial Sector Assessment Program : Stocktaking of Progress Achieved by the Bulgarian National Bank in Strengthening Banking Supervision International Monetary Fund World Bank BANKING REFORM BANKING SUPERVISION BANK REGULATION CRISIS MANAGEMENT BANK GOVERNANCE RISKS ASSET CLASSIFICATION This technical note (TN) provides a stocktaking of the current state of the implementation of the key recommendations made by the IMF and the World Bank in their 2015 assessment report on the observance of Basel Core Principles (BCPs) for effective banking supervision in Bulgaria. It provides an overview of the most recent initiatives taken by the Bulgarian National Bank (BNB) to address the shortcomings found in the domestic supervisory regime. It also reflects the regulatory and supervisory framework in place as of the date of the completion of this review. This note does not provide an exhaustive analysis of each of the 29 BCPs and is not meant to revise the ratings assigned by the BCP assessors in their 2015 report. The focus is on the eight principles that were found to be materially non-compliant in 2015. In addition, there is analysis of the progress achieved on six principles rated as largely compliant in 2015 that have an important bearing on the effectiveness of supervision and where the BNB is working to enhance its supervisory practice. 2017-07-12T22:29:27Z 2017-07-12T22:29:27Z 2017-05 Report http://documents.worldbank.org/curated/en/834241497970508751/Bulgaria-Stocktaking-of-progress-achieved-by-the-Bulgarian-National-Bank-in-strengthening-banking-supervision-technical-note http://hdl.handle.net/10986/27551 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Financial Sector Assessment Program Economic & Sector Work Europe and Central Asia Bulgaria |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
BANKING REFORM BANKING SUPERVISION BANK REGULATION CRISIS MANAGEMENT BANK GOVERNANCE RISKS ASSET CLASSIFICATION |
| spellingShingle |
BANKING REFORM BANKING SUPERVISION BANK REGULATION CRISIS MANAGEMENT BANK GOVERNANCE RISKS ASSET CLASSIFICATION International Monetary Fund World Bank Bulgaria Financial Sector Assessment Program : Stocktaking of Progress Achieved by the Bulgarian National Bank in Strengthening Banking Supervision |
| geographic_facet |
Europe and Central Asia Bulgaria |
| description |
This technical note (TN) provides a
stocktaking of the current state of the implementation of
the key recommendations made by the IMF and the World Bank
in their 2015 assessment report on the observance of Basel
Core Principles (BCPs) for effective banking supervision in
Bulgaria. It provides an overview of the most recent
initiatives taken by the Bulgarian National Bank (BNB) to
address the shortcomings found in the domestic supervisory
regime. It also reflects the regulatory and supervisory
framework in place as of the date of the completion of this
review. This note does not provide an exhaustive analysis of
each of the 29 BCPs and is not meant to revise the ratings
assigned by the BCP assessors in their 2015 report. The
focus is on the eight principles that were found to be
materially non-compliant in 2015. In addition, there is
analysis of the progress achieved on six principles rated as
largely compliant in 2015 that have an important bearing on
the effectiveness of supervision and where the BNB is
working to enhance its supervisory practice. |
| format |
Report |
| author |
International Monetary Fund World Bank |
| author_facet |
International Monetary Fund World Bank |
| author_sort |
International Monetary Fund |
| title |
Bulgaria Financial Sector Assessment Program : Stocktaking of Progress Achieved by the Bulgarian National Bank in Strengthening Banking Supervision |
| title_short |
Bulgaria Financial Sector Assessment Program : Stocktaking of Progress Achieved by the Bulgarian National Bank in Strengthening Banking Supervision |
| title_full |
Bulgaria Financial Sector Assessment Program : Stocktaking of Progress Achieved by the Bulgarian National Bank in Strengthening Banking Supervision |
| title_fullStr |
Bulgaria Financial Sector Assessment Program : Stocktaking of Progress Achieved by the Bulgarian National Bank in Strengthening Banking Supervision |
| title_full_unstemmed |
Bulgaria Financial Sector Assessment Program : Stocktaking of Progress Achieved by the Bulgarian National Bank in Strengthening Banking Supervision |
| title_sort |
bulgaria financial sector assessment program : stocktaking of progress achieved by the bulgarian national bank in strengthening banking supervision |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/834241497970508751/Bulgaria-Stocktaking-of-progress-achieved-by-the-Bulgarian-National-Bank-in-strengthening-banking-supervision-technical-note http://hdl.handle.net/10986/27551 |
| _version_ |
1764464818773819392 |