Regulatory Alerts2026-05-28
Law on the Additional Supervision of Financial Conglomerates
The Bulgarian National Bank and the Financial Supervision Commission establish the legal framework for the additional supervision of financial conglomerates operating in Bulgaria. The law defines financial conglomerates based on cross-sectoral activities and significance thresholds, requiring coordinated oversight of capital adequacy, risk concentration, and intra-group transactions. Competent authorities are empowered to identify such groups, determine supervisory coordinators, and apply specific calculation methods to ensure financial stability across banking, insurance, and investment service sectors.
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