Bulgaria : Technical Assistance Report-Bank Supervision

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

May 21, 2019

Electronic Access:

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Summary:

This mission reviewed the formalization and implementation of a comprehensive SREP that includes an explicit and detailed supervisory Pillar 2 capital requirement. The BNB SREP is based on EU-wide common procedures, processes and methodologies, and the draft SREP Manual includes recently proposed changes to the Guidelines issued by the European Banking Authority (EBA). This report therefore focuses on its actual implementation into appropriate and proportionate supervisory assessments and into focused actions and planning. During the SREP process in 2016 and 2017, the BNB has not identified the need to impose additional capital requirements as per Pillar 2. This assessment has been communicated in all EU-colleges but has not for all banks been summarized in a standardized SREP framework.

Series:

Country Report No. 19/142

Subject:

English

Publication Date:

May 21, 2019

ISBN/ISSN:

9781498316439/1934-7685

Stock No:

1BGREA2019003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

28

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