Bulgarias central bank said on March 1 that Dimitar Kostov, deputy governor of the Bulgarian National Bank (BNB) in charge of bank supervision, plans to submit his resignation to the countrys Parliament.
Kostov said that he had planned to resign in 2018 after intensive work in the past few years and carrying out the bulk of the planned reforms, but delayed his plans at the request of BNB governor Dimitar Radev, after Bulgaria applied last year for close co-operation with the European Central Bank (ECB), the first step towards joining the ERM II exchange rate mechanism.
Kostov said that now was a good time to step down given the very good working communication with the ECB and its Single Supervisory Mechanism, but also because the ECB stre…
Read the full article at: https://sofiaglobe.com/2019/03/01/bulgaria-deputy-central-bank-governor-for-bank-supervision-to-resign/