Bulgarian governor praises success of macro-prudential policy

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The governor of the Bulgarian National Bank, Ivan Iskrov, spoke today (July 5) about the implementation of macro-prudential policy, saying that Bulgaria already had banking regulations in place by the end of the 1990s.

Speaking at an international conference marking the 15th anniversary of the Bulgarian currency board, Iskrov said that due to a banking crisis in the mid-1990s, Bulgaria was one of the first countries in Europe to adopt conservative supervision of banks.

"Through our own painful

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