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Is it Time for Basel IV and What Are the Effects on Banks in Bulgaria?

Author

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  • Emilia Milanova

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

The article discusses the main objectives of the revised Reform Program – Basel IV. Empha­sis is placed on the elements of Basel IV – a revised standardized approach to credit risk, a new approach to credit risk based on internal rat­ings, revisions to the credit valuation adjustment (CVA) framework, revisions to the measurement of the leverage ratio and a leverage ratio buffer for global systemically important banks (G-SIBs), a revised standardized approach to operational risk, revised capital from first pillar. There is also a program for improving capital management with two basis points: a capital management strategy and structural factors to ensure a sustainable strategy. It also discusses the strategic challeng­es faced by banks as a result of the introduction of IFRS 9 “Financial Instruments” as a medium-term objective for their management.

Suggested Citation

  • Emilia Milanova, 2019. "Is it Time for Basel IV and What Are the Effects on Banks in Bulgaria?," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 5-19, March.
    • Handle: RePEc:nwe:iisabg:y:2019:i:1:p:5-19
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    More about this item

    Keywords

    credit risk; operational risk; leverage ratio; CVA risk; revised capital from first pillar; IFRS 9;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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