Bulgaria Financial Sector Assessment Program : Corporate Governance Review of the Banking Sector
This Review was prepared at the request of the Bulgaria National Bank (BNB). It presents the setting and the circumstances for the development of governance policies and practices in the Bulgarian banking system and reviews the effect of existing g...
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/932011497971154356/Bulgaria-Corporate-governance-review-of-the-banking-sector-technical-note http://hdl.handle.net/10986/27553 |
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okr-10986-275532021-05-25T09:01:37Z Bulgaria Financial Sector Assessment Program : Corporate Governance Review of the Banking Sector World Bank Group GOVERNANCE RISK REGULATION AUDITING STANDARDS TRANSPARENCY DISCLOSURE INSTITUTIONAL FACTORS This Review was prepared at the request of the Bulgaria National Bank (BNB). It presents the setting and the circumstances for the development of governance policies and practices in the Bulgarian banking system and reviews the effect of existing governance policy and practices on the oversight of banking sector related risks and prudential supervision. The objective of this Review is to help strengthen the corporate governance practices of banks in Bulgaria. Specifically, itintends to: further legal and regulatory reforms in Bulgaria based on the enclosed recommendations; enable the BNB to increasingly rely on the relevant internal and reportingsystems in those banks that have demonstrated better management and controls, therefore allowing supervisory resources to be directed toward troubled institutions and where needed the most; and promote corporate governance reforms in individual institutions, thereby enhancing the soundness of a specific bank. The Review focuses on the overall banking sector. The scope of the Review includes reviews of the: (i) legal and regulatory framework, (ii) corporate governance practices of banks, and (iii) enforcement framework vis-à-vis a set of benchmarks based on internationally recognized good practices in bank governance; a set of policy recommendations for the BNB on how to improve upon corporate governance in Bulgaria; and an action plan on how to implement theReview’s policy recommendations and effect reforms. 2017-07-12T22:39:34Z 2017-07-12T22:39:34Z 2017-04 Report http://documents.worldbank.org/curated/en/932011497971154356/Bulgaria-Corporate-governance-review-of-the-banking-sector-technical-note http://hdl.handle.net/10986/27553 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 |
GOVERNANCE RISK REGULATION AUDITING STANDARDS TRANSPARENCY DISCLOSURE INSTITUTIONAL FACTORS |
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GOVERNANCE RISK REGULATION AUDITING STANDARDS TRANSPARENCY DISCLOSURE INSTITUTIONAL FACTORS World Bank Group Bulgaria Financial Sector Assessment Program : Corporate Governance Review of the Banking Sector |
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Europe and Central Asia Bulgaria |
| description |
This Review was prepared at the request
of the Bulgaria National Bank (BNB). It presents the setting
and the circumstances for the development of governance
policies and practices in the Bulgarian banking system and
reviews the effect of existing governance policy and
practices on the oversight of banking sector related risks
and prudential supervision. The objective of this Review is
to help strengthen the corporate governance practices of
banks in Bulgaria. Specifically, itintends to: further legal
and regulatory reforms in Bulgaria based on the enclosed
recommendations; enable the BNB to increasingly rely on the
relevant internal and reportingsystems in those banks that
have demonstrated better management and controls, therefore
allowing supervisory resources to be directed toward
troubled institutions and where needed the most; and promote
corporate governance reforms in individual institutions,
thereby enhancing the soundness of a specific bank. The
Review focuses on the overall banking sector. The scope of
the Review includes reviews of the: (i) legal and regulatory
framework, (ii) corporate governance practices of banks, and
(iii) enforcement framework vis-à-vis a set of benchmarks
based on internationally recognized good practices in bank
governance; a set of policy recommendations for the BNB on
how to improve upon corporate governance in Bulgaria; and an
action plan on how to implement theReview’s policy
recommendations and effect reforms. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Bulgaria Financial Sector Assessment Program : Corporate Governance Review of the Banking Sector |
| title_short |
Bulgaria Financial Sector Assessment Program : Corporate Governance Review of the Banking Sector |
| title_full |
Bulgaria Financial Sector Assessment Program : Corporate Governance Review of the Banking Sector |
| title_fullStr |
Bulgaria Financial Sector Assessment Program : Corporate Governance Review of the Banking Sector |
| title_full_unstemmed |
Bulgaria Financial Sector Assessment Program : Corporate Governance Review of the Banking Sector |
| title_sort |
bulgaria financial sector assessment program : corporate governance review of the banking sector |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/932011497971154356/Bulgaria-Corporate-governance-review-of-the-banking-sector-technical-note http://hdl.handle.net/10986/27553 |
| _version_ |
1764464821312421888 |