ASF
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ASF And UNSAR To Set Up Joint Workgroups For Legislative Amendments
Romania’s Financial Supervisory (ASF) and the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) will set up four joint workgroups tasked with spotting the problems in...
ASF: Three Insurers Don't Meet Solvency II Minimum Capital Requirements, Solvency Capital Requirements
Romanian insurers Signal Iduna, Forte Asigurari Reasigurari and Gothaer don't meet minimum capital requirements (MCR) and solvency capital requirements (SCR) under Solvency II standards, whi...
ASF OKs Merger Between Eureko And Aegon Voluntary Pension Funds
Romania’s Financial Supervisory Authority (ASF) has approved the merger between voluntary pension funds (Pillar III) Eureko Confort and Aegon Esential, through the absorption of Eureko Confo...
Financial Regulator Clears Astra’s Transfer On AeRO Market, But Its Shares Remain Suspended
The shares of insurer Astra Asigurari (ATRA.RO), for which the Financial Supervisory Authority (ASF) asked for bankruptcy procedures, will be transferred from the Rasdaq on the AeRO market,...
ASF Delists 300 Companies Ahead Of Rasdaq’s Disbandment Planned For End-October
Romania’s Financial Supervisory Authority (ASF) decided to withdraw from trading, on October 27, over 300 companies listed on the Rasdaq market, because they failed to take the necessary mea...
ASF Decides To Place Euroins Under Financial Recovery Procedure
Romania’s Financial Supervisory Authority (ASF) on Wednesday decided to open financial recovery procedures for insurer Euroins Romania, in a move to improve the company’s financial situation...
ASF Clears Hans-Peter Hagen As Chairman Of Asirom's Supervisory Board
The board of Romania's Financial Supervisory Authority (ASF) has approved the appointment of Hans-Peter Hagen, Chief Executive Officer of Austrian group Vienna Insurance Group (VIG), as Chai...
ASF Plans To Merge BVB With Sibex, Give Incentives To Listed SMEs In 2016
Financial Regulatory Authority ASF plans to merge, in 2016, the Bucharest Stock Exchange (BVB) with Romania’s monetary and commodities exchange SIBEX and to introduce a system of facilities...
ASF: 75% Of Brokers Posted Losses In 1H
A number of 21 brokerage companies of all authorized 28 switched on losses in 2015, compared with 16 companies end-2014, on the backdrop of a reduced activity on the Bucharest Stock Exchange...