Corporate Governance and Banking Sector in the Years of Recovery
Corporate Governance and Banking Sector in the Years of Recovery

Author(s): Dimitar Ivanov
Subject(s): Economy, Law, Constitution, Jurisprudence, Business Economy / Management, Financial Markets, EU-Legislation
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Corporate Governance; Banking Sector; Financial Institutions; Legal Framework; Financial Crisis
Summary/Abstract: The aim of the current report is to observe and explore the reasons for the banking crisis from mid-2007 from corporate governance perspective and how in its response the governing principles have evolved and improved on a global and European level, what lessons have been learnt and what course of action has been taken in the banking sector in the subsequent years of recovery. The study focuses on the current Bulgarian legal and "soft" framework (principles and by-laws) for corporate governance in the financial institutions and search to compare and contrast at what extend the notorious corporate governance documents such as the BIS Principles for enhancing corporate governance, the OECD Principles of Corporate Governance and the European directives are embedded in the national codes and acts and adopted by the banks. An emphasis is also put on the recent shock in the Bulgarian banking problems from the beginning of the second half of 2014.

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