Reports on Observance of Standards and Codes

Bulgaria and the IMF

Bulgaria’s ROSC is available in a pdf version (220k).
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REPORT ON THE OBSERVANCE OF STANDARDS AND CODES (ROSC)
Bulgaria

March 2000

Prepared by:
Staff of The International Monetary Fund

Contents

Abbreviations and Acronyms

    Update -- March 8, 2001

    1. Overview

    2. Data Dissemination
      1. Institutional Framework
      2. Description of Practice
      3. IMF Staff Commentary

    3. Fiscal Transparency
      1. Description of Practice
      2. IMF Staff Commentary

    4. Transparency of Monetary Policy
      1. Description of Practice
      2. IMF Staff Commentary

    5. Banking Supervision
      1. Description of Practice
      2. IMF Staff Commentary
      3. Summary Assessment of Compliance with Basle Core Principles

    6. System of Deposit Insurance
      1. Description of Practice
      2. IMF Staff Commentary
      3. Conformance with a Set of Guidelines

    7. Insurance Supervision
      1. Description of Practice
      2. IMF Staff Commentary
      3. Observance of International Principles and Standards

    8. Securities Market Supervision
      1. Description of Practice
      2. IMF Staff Commentary
      3. Approach to International Standards and Cooperation
    Tables

    1. Data Categories and Indicators
    2. Compliance with the Basle Core Principles on Effective Banking Supervision
    3. Conformance of Bulgaria’s Deposit Insurance System with a Set of Guidelines
 
ABBREVIATIONS AND ACRONYMS
 
ALII     Association of Licensed Investment Intermediaries
BGN Bulgarian leva (new). On July 5, 1999 the lev was redenominated by removing three zeroes. As a result, one lev now equals one deutsche mark.
BNB Bulgarian National Bank
BSD Banking Supervision Department
BSE Bulgarian Stock Exchange – Sofia Ltd.
COM Council of Ministers
CP Core Principle
DIF Deposit Insurance Fund
ESA European System of Accounts
GDDS General Data Dissemination System
GFS Government Finance Statistics
IAIS International Association of Insurance Supervisors
IBA Insurance Business Act
IFS International Finance Statistics
IMF International Monetary Fund
IOSCO International Organization of Securities Commission
ISD Insurance Surveillance Directorate
LBDG Law on Bank Deposit Guarantee
LMAML Law on Measures against Money Laundering
LMB Law on Municipal Budgets
LoB Law on Banks
LoBNB Law on the Bulgarian National Bank
LoFX Law on Transactions in Foreign Exchange Valuables and Foreign Exchange Control
MOF Ministry of Finance
NAO National Audit Office
NCI National Insurance Council
NSI National Statistical Institute
OTC Over-the-Counter
SDDS Special Data Dissemination Standard
SNA System of National Accounts
SSEC Securities and Stock Exchange Commission
SSEICA Law on Securities, Stock Exchanges and Investment Companies