According to a draft regulation drawn up by the National Bank of Romania (BNR), the credit institutions supervised by the central bank will have to apply stricter foreign-currency lending rules for prospective unhedged clients whose income is in local currency or currency other than that in which the demanded loan is denominated.
The new rules apply the recommendations issued by the European Systemic Risk Board in September 2011 regarding foreign currency lending and will take effect on January 1, 2013.