Risk Management Policy of the Bulgarian National Bank
Risk Management Policy of the Bulgarian National Bank

Author(s): Mihaela Zlatanova
Subject(s): Politics / Political Sciences, Politics, Economy, Business Economy / Management, Economic policy, Financial Markets
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: risk management; Bulgarian National Bank; financial stability; credit risk; emerging risk
Summary/Abstract: This paper analyzes the risk management policy of the Bulgarian National Bank (BNB), emphasizing its significance in maintaining financial stability and public trust. As the central bank of Bulgaria, the BNB confronts various risks, including credit, liquidity, operational, market, and compliance risks. The report details how these risks impact the bank's objectives and outlines the governance structure that guides risk management practices, including the role of the Governing Council and specialized committees. It highlights the alignment of the BNB’s risk strategies with its strategic objectives, such as ensuring price stability and fostering a robust banking environment. The BNB's proactive approach to adapting its risk management in response to emerging threats, including technological changes, is also discussed. By implementing a comprehensive risk management framework, the BNB enhances its resilience and supports its mission to promote economic stability in Bulgaria.

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