Evaluation of the Integrity System in the Banking Sector in Bulgaria Cover Image
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Оценка на системата за почтеност в банковия сектор в България
Evaluation of the Integrity System in the Banking Sector in Bulgaria

Author(s): Bulgaria Transparency International, Vanya Kashukeva-Nusheva, Daniela Mihalkova, Kalin Slavov, Boyan Ivantchev, Petyo Slavov, Ognyan Minchev
Subject(s): Politics / Political Sciences, Politics, Social Sciences, Economy, Law, Constitution, Jurisprudence, Psychology, National Economy, Business Economy / Management, Criminal Law, Political Theory, Political Sciences, Civil Society, Governance, Public Administration, Sociology, Economic policy, Government/Political systems, Political economy, Politics and law, Politics and communication, History and theory of political science, Social psychology and group interaction, Evaluation research, Social development, Crowd Psychology: Mass phenomena and political interactions, Criminology, Law on Economics, Inter-Ethnic Relations, EU-Accession / EU-DEvelopment, Financial Markets, Public Finances, Fiscal Politics / Budgeting, Social Norms / Social Control, Human Resources in Economy, Business Ethics, Sociology of Politics, Socio-Economic Research, EU-Legislation, Corruption - Transparency - Anti-Corruption
Published by: Издателство »Изток-Запад«
Keywords: Bulgaria; Corporate Commercial Bank; politics; banking sector; private business; interests; money; power; corruption; oligarchy; journalistic investigation; mafia; scheme; backstage; journalism; Transparency International Bulgaria; book;books;
Summary/Abstract: This study is provoked by one of the most significant cases of abuses over the last two decades in Bulgaria - the bankruptcy of CCB (Corporate Commercial Bank), the fourth largest bank in the country. After the 1996-1997 crisis, when one third of the banks went bankrupt, the country's banking sector collapsed. This is the second case in which huge financial resources "evaporated" and the negative consequences affected a wide range of public institutions and private subjects. The emergence of periodically recurring financial crises, with multiple impacts on public, economic and political life, motivates Transparency International Bulgaria to look for a systematic response to the problem and look beyond the specific case. The present book is based on the analytical approach of the international anti-corruption organization Transparency International "National Integrity System" which assesses clearly defined criteria, the capacity, functioning and management of sectors and institutions with key importance in counteracting corruption. The study is based on an analysis of the legislation and practical actions of the investigated institutions, a wide range of documentary sources, reports, assessments, media publications, and interviews with experts and public figures that have had direct observations and touch with the CCB case. It reflects an attempt to formulate an impartial, objective assessment of the functioning of the banking supervisory system in the 2009-2014 periods but also pursues another objective - to serve as a starting point for policies and strategic actions to give an adequate systemic response to established deficits. Viewed through this prism, this publication expresses the ambition of the Transparency International Bulgaria to not only prevent future crises of this nature, but also to contribute to the institutional strengthening of the system of supervisory institutions in Bulgaria.

  • Print-ISBN-13: 978-619-01-0149-9
  • Page Count: 488
  • Publication Year: 2017
  • Language: Bulgarian