Bulgarian National Bank (BNB) governor Ivan Iskrov offered his resignation to parliament yesterday, on the condition that it commits to electing a successor within the next fortnight.
Iskrov has endured a difficult couple of months. Corporate Commercial Bank (CCB), the fourth largest bank in the country, was placed in conservatorship following a damaging run on its deposits.
The deputy governor responsible for banking supervision, Tsvetan Gounev, has taken a leave of absence pending the outcome
- Auditors find ‘flaws’ in ECB’s crisis management framework
- Economists need to better understand macrofinancial links – BIS paper
- Home truths on Europe’s NPLs
- Central banks lack ‘firepower’ to combat financial crises, says report
- Ukrainian bank owners carried out ‘co-ordinated fraud’, forensic audit says