Parliament votes on banking law amendments and army modernization

Key changes in banking legislation

Parliament is convening for an important session, during which the second reading of the amendments to the Law on Credit Institutions is scheduled. The main focus is the implementation of European directives aimed at strengthening the oversight of the financial sector.

"No member of a bank's management body, except for the governor, will be able to hold the position for more than 14 years after January 11, 2026," the proposers emphasize.

The changes include:

• Tightening the independence requirements for members of the BNB Governing Board.
• New regulations for assessing the reliability of senior management.
• Harmonization of the powers between the ECB and the BNB in view of our accession to the eurozone.
• Focus on environmental, social, and governance (ESG) risks.

Military modernization and international relations

MPs will also consider an investment expenditure for battalion battle groups. The decision is prompted by the necessary update in prices for "Stryker" vehicles following a request from the American side.

The agenda also includes the ratification of an agreement with Mongolia to facilitate international road transport of passengers and goods.

BTA Report

In the fourth item on the agenda, the National Assembly will hear the 2025 report of the Director General of the Bulgarian News Agency, Kiril Valchev. The document has already received full support from the Committee on Culture and Media.