Bulgarian National Bank

09/07/2021 | Press release | Distributed by Public on 09/07/2021 07:36

The Governor of the Bulgarian National Bank Mr Dimitar Radev, along with the Governors of Central Banks and the Heads of Supervision of further nineteen Member States of the[...]

PRESS RELEASE

7 September 2021

The Governor of the Bulgarian National Bank Mr Dimitar Radev, along with the Governors of Central Banks and the Heads of Supervision of further nineteen Member States of the European Union, have published a joint letter addressed to the European Commission about the implementation of the revised regulatory Basel III framework on the capital requirements for banks.

The letter substantiates the need for the European Commission's new legislative proposal to keep the Basel principles globally agreed so far to ensure transparency, level playing field and comparability between the banks in the European Union, meeting the timeline for the implementation of the new capital requirements.

The full text of the letter can be found here.