Conference “Future Challenges and Expectations in the Non-Bank Financial Sector” held by the Financial Supervision Commission (FSC) in Sofia.

On July 10, the Chairperson of BADDPO, Ms. Miltenova, members of the Board of Directors and the Working Committees of the Association actively participated in the conference “Future Challenges and Expectations in the Non-Bank Financial Sector” held by the Financial Supervision Commission (FSC) in Sofia. The event was attended by over 300 representatives from the investment, insurance and insurance sectors. The OECD principles of corporate governance and the European regulations DORA and MiCA were discussed.

The Chairman of the FSC, Boyko Atanasov, stressed the need for dialogue between the business and the regulator on the new regulations. He stressed the importance of a well-informed and sustainable environment for the future of digital finance.

The conference was divided into two parts: the first focused on corporate governance and ESG indicators, and the second on the challenges of DORA and MiCA. Experts discussed the need for a coordinated approach to cybersecurity and cryptoasset regulations.

Guest speakers such as Biserka Radeva and Assoc. Prof. Dr. Manyu Moravenov contributed with discussions on topics such as the Cybersecurity Act and ESG ratings. Ms. Petya Khantova from the FSC emphasized the role of corporate governance in transparency and investor confidence.

Panelists, management and experts from pension insurance companies unanimously agreed that the new regulations will increase investor confidence and improve the financial system by promoting sustainable growth and fighting financial crime.