Title: Development of the Banking System in Bulgaria during the 2007-2015 period. Impact of the Global Crisis Processes
Abstract: This research is dedicated to the development of the Bulgarian banking system in the period 2007-2015 under the impact of the global crisis processes. In the first part of the paper, an analysis has been made of the changes in the supervisory framework for the bank risks in the EU Member States, and particularly in Bulgaria, aiming at more efficient control and prudential supervision over the credit institutions. Great importance has been attached to the detailed requirements for the banks’ capital adequacy assessment, the introduced five new capital buffers and the role of the stress-tests as a major instrument of risk management in banks. In the second part of the paper, an analysis has been carried out of the development of the Bulgarian banking system under the impact of the global financial crisis and the eurozone debt crisis. Certain key indicators of the Bulgarian banking system have been examined for the period January 2007 – May 2015, which allows the outlining of the effects of the world crisis processes on the activity of banks in Bulgaria.
Publication Year: 2016
Publication Date: 2016-01-01
Language: en
Type: article
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