ASF
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Financial Watchdog Considers Allowing Pension Funds To Invest More On The Stock Market
Romania's financial watchdog ASF plans to amend the investment policy for pension funds to allow then to make higher direct investments in the economy, the institution said in a statement Tu...
ASF: Romanian Insurers To Apply Solvency II Directive As Of January 1, 2016
Romanian insurers will apply the EU directive Solvency II, which aims to unify a single EU insurance market and enhance consumer protection, as of January 1, 2016, to increase their contribu...
ASF: Insurers To Pay More To Guarantee Fund Unless They Solve RCA Issues
Misu Negritoiu, head of Romania’s Financial Supervisory Authority ASF, stated that insurers will have to pay more to the guarantee fund, unless they manage to streamline their operations on...
Astra Asigurari, VIG’s Romanian Businesses Generated 85% Of Total Loss On Insurance Market In 2013
Astra Asigurari and the insurers held by Vienna Insurance Group (VIG) in Romania - Asirom, Omniasig and BCR Asigurari de Viata - generated in 2013 over 85% of the losses posted by the insura...
Romania Financial Authority To Cut Trading Fees September 16
Romania’s financial supervisory authority ASF will lower its fees levied on stock market transactions by 25% as of September 16, according to a regulation published on its website.
ASF, Set To Broaden Insurance Market Probe
Romania’s Financial Supervisory Authority (ASF) will further investigate the insurance market and will expand checkups at companies. For the fourth quarter, the institution is readying an au...
Financial Watchdog ASF Suspends Carpatica Invest License For 90 Days
Romania’s Financial Supervisory Authority ASF suspended the license of brokerage company SSIF Carpatica Invest for 90 days, asking for settling its financial situation and drawing new capita...
Financial Supervisory Authority To Undergo Reorganization Program
Romania’s Financial Supervisory Authority ASF will undergo an extensive reorganization program, based on a PwC report, that will trigger a significant personnel expense cut and higher effici...
Astra Has To Hike Share Capital By EUR110M In Next 12 Months
Romanian insurer Astra has to hike its share capital by 490 million lei (EUR110 million) in the next 12 months, out of which RON70 million in the first stage, according to the recovery plan...