The Bulgarian National Bank’s Governing Council adopted changes to rules covering bank licensing and governance, remuneration and suitability assessments, and risk management, capital buffers and liquidity to transpose relevant requirements of Directive (EU) 2024/1619 on supervisory powers, sanctions, branches from third countries and environmental, social and governance risks, following Parliament’s adoption of amendments to the Credit Institutions Act.
Bulgarian National Bank adopts banking rule changes to implement EU prudential requirements
The Bulgarian National Bank amended its banking rules to implement relevant provisions of Directive (EU) 2024/1619 concerning supervisory powers, sanctions, branches from third countries and environmental, social and governance risks, following changes to the Credit Institutions Act.