Bulgaria Financial Sector Assessment Program: Technical Note - Financial Safety Net and Crisis Management

This Technical Note evaluates the financial safety net and crisis management for Bulgaria. Since the 2008 IMF Financial Sector Assessment Program Update, Bulgaria’s financial safety net and crisis management arrangements, including bank resolution and contingency planning, have improved. In 2015, to...

Full description

Bibliographic Details
Corporate Author: International Monetary Fund Monetary and Capital Markets Department
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2017
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 02429nmm a2200445 u 4500
001 EB001825765
003 EBX01000000000000000992211
005 00000000000000.0
007 cr|||||||||||||||||||||
008 180614 ||| eng
020 |a 9781484308493 
245 0 0 |a Bulgaria  |b Financial Sector Assessment Program: Technical Note - Financial Safety Net and Crisis Management 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2017 
300 |a 41 pages 
651 4 |a Bulgaria 
653 |a Economic & financial crises & disasters 
653 |a Depository Institutions 
653 |a Banks 
653 |a Bridge bank 
653 |a Contingency planning 
653 |a Bank resolution framework 
653 |a Financial crises 
653 |a Banks and banking 
653 |a Bank resolution 
653 |a Micro Finance Institutions 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Crisis management 
653 |a Mortgages 
653 |a Crisis management framework 
653 |a Banks and Banking 
653 |a Banking 
653 |a Financial Risk Management 
710 2 |a International Monetary Fund  |b Monetary and Capital Markets Department 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Staff Country Reports 
028 5 0 |a 10.5089/9781484308493.002 
856 4 0 |u https://elibrary.imf.org/view/journals/002/2017/202/002.2017.issue-202-en.xml?cid=45060-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a This Technical Note evaluates the financial safety net and crisis management for Bulgaria. Since the 2008 IMF Financial Sector Assessment Program Update, Bulgaria’s financial safety net and crisis management arrangements, including bank resolution and contingency planning, have improved. In 2015, to implement pertinent European Union rules, Bulgaria introduced a resolution regime for banks and investment firms; designated resolution authorities for said financial institutions; and established mechanisms to fund resolution measures. Despite the improvements, the financial safety net and crisis management arrangements face crucial challenges because none of their components is fully developed. To ensure operational capacity to rapidly deploy recovery and resolution tools, further actions are needed to strengthen the safety net and crisis management arrangements