The Bulgarian National Bank’s Governing Council adopted an ordinance amending Ordinance No. 7 (2014) on the organisation and management of risks in banks, with the aim of incorporating changes in the European regulatory framework, including the European Central Bank’s revised approach to Bulgaria’s exercise of national discretions under Regulation (EU) No 575/2013 on prudential requirements for credit institutions.
National Bank of Bulgaria 2025-12-22
Bulgarian National Bank amends banks’ risk management ordinance to reflect EU prudential changes and the ECB approach to national discretions
The Bulgarian National Bank’s Governing Council amended Ordinance No. 7 on bank risk management to align with changes in the European regulatory framework. This includes the European Central Bank’s revised approach to Bulgaria’s national discretions under Regulation (EU) No 575/2013 on prudential requirements for credit institutions.