REFORMS OF BANKING SUPERVISION IN BULGARIA

Miroslav Nedelchev
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Miroslav Nedelchev: Economic Research Institute, Bulgarian Academy of Sciences

Economics and Management, 2018, vol. 14, issue 1, 125-134

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.

Keywords: supervision culture; corporate governance; non-financial information (search for similar items in EconPapers)
JEL-codes: E58 G28 G34 (search for similar items in EconPapers)
Date: 2018
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