Parliament Аdopted Аmendments to the Credit Institutions Act at First Reading

Politics » DOMESTIC | November 22, 2017, Wednesday // 12:32
Bulgaria: Parliament Аdopted Аmendments to the Credit Institutions Act at First Reading

Parliament adopted amendments to the Credit Institutions Act at first reading, reported BGNES. 

The purpose of the draft law is to improve the regulatory framework for banking supervision by complying with the recommendations of the Financial Sector Assessment Program report and the commitments made by the Bulgarian National Bank in response to the report.

The bill provides for new provisions related to the necessity to create a legal mechanism for introducing in the national legal framework the guidelines, recommendations and other measures of the European Banking Authority.

During the debates, Budget Committee Chairman Menda Stoyanova pointed out that this bill is another step towards increasing the efficiency of the BNB supervisory activity on banks.

We need your support so can keep delivering news and information about Bulgaria! Thank you!

Domestic » Be a reporter: Write and send your article
Tags: BNB, Bulgarian National Bank, credit insitutions, Menda Stoyanova
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria