Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria joints Single Resolution Mechanism

Photo: archive

Bulgaria is joining the Single Resolution Mechanism, the Bulgarian National Bank, BNB has announced.

As of 1 October, 2020, the European Central Bank is assuming direct supervision of Bulgaria’s financial institutions via the Single Resolution Board. The Board protects financial stability and taxpayers by developing plans for bank resolution and crisis management. Banks in Bulgaria will make contributions to the Single Resolution Fund which finances the restructuring. BNB will have a representative at the Single Resolution Board plenary session and extended executive session with equal rights and obligations as the other members, including the right to vote. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgarian healthcare faced with shortage of 17,000 nurses

The Bulgarian Association of Health Care Professionals insists that the Bulgarian state should set a minimum number of nurses in each health care facility to ensure quality care for patients. The same proposal applies to midwives, rehabilitation workers,..

published on 5/12/24 12:45 PM

Rapid weather deterioration expected in the mountains in the afternoon

A rapid deterioration of the weather is expected in the mountains in the afternoon, the Mountain Rescue Service warns. The advice to hikers is to be ready to descend from high areas in the early afternoon.  At the moment, the conditions for hiking are..

published on 5/12/24 12:05 PM

More than 26,300 thousand Bulgarians abroad desire to vote for Parliament

Over 26,300 applications for voting abroad in the elections for MPs have been confirmed so far. The documents submitted through the electronic system of the Central Election Commission will be accepted until 24.00 hours Bulgarian time on 14 May...

published on 5/12/24 10:13 AM