Съвременното банково законодателство на България – традиции и перспективи
Contemporary Banking Legislation of Bulgaria – Traditions and Perspectives

Author(s): Suleyman Bashov
Subject(s): Politics / Political Sciences, Law, Constitution, Jurisprudence, Public Law, EU-Legislation, Administrative Law
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Bulgarian banking legislation; bank; credit Institution; financial Institution; banking law
Summary/Abstract: This report delineates the architecture of modern banking legislation in Bulgaria, which has been developing for over three decades following the dismantling of the state banking monopoly from the socialist era. The analysis is predicated on the understanding that the foundation of this legislation is constituted by public law statutes regulating both commercial and central banking. Consequently, the author traces the evolution of national regulatory acts governing this pivotal domain. The exposition further encompasses the regime of recovery and restructuring of banks, banking insolvency, deposit guarantees, and the single supervisory mechanism (as a fundamental pillar of the EU Banking Union). Excluded from the scope of this report are the myriad European regulatory acts, as the analysis is confined to their impact on Bulgarian national legislation. Additionally, the report does not delve into the laws governing ancillary activities, such as payment services, including the protection of consumer rights for banking clients. Moreover, the regulatory aspects related to banking capital are intentionally omitted from the focus, given that they are predominantly technical in nature and do not hold significant relevance for the conceptual analysis of legal regulation. Furthermore, this topic is primarily of financial-economic significance and is extensively examined within the realms of economic theory and literature dedicated to banking management.

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