SUPERVISION
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Head Of Austrian Insurance Supervision: We’re Watching Austrian Insurers Closely Due To Local Subsidiary Losses
The losses of hundreds of millions of lei posted by Austrian insurers’ Romanian subsidiaries in the past few years and the problems on the auto liability policy segment were two of the things carefully monitored by the financial supervisory authority in Vienna...
Negritoiu: Romanian Insurance Market Needs Capital Inflows Of RON1B, After RON600M In 2014
The insurance market needs a capital inflow of one billion lei (EUR225 million) this year, inclusively for the capital increases at Astra and Carpatica Asig, after RON600 million were inject...
Romania To Set Up Macroprudential Supervisory Committee
The Finance Ministry has drafted a bill for the set-up of a National Prudential Supervisory Committee, whose purpose will be to maintain financial stability, to be led by a board consisting...
Insurance Expert: ASF Should Be Dissolved, 60%-80% Of Employees Lack Necessary Training
The Financial Supervisory Authority should be dissolved, Cristian Constantinescu, one of the most experienced specialists in the insurance industry in Romania, told ZF in an interview.
Head Of BNR Supervision: Most Banking Business Models Pursue Big Interest Margins
Banks are keeping deposit interest rates high, in a bid to replace sources of external funding with liquidity from the local market, but this can lead to poor resource management, as well as...
CNADNR Awaits Offers For Brasov Ring Road Work Supervision
Romanian public road authority CNADNR is asking for offers by September for the supervision of the Brasov ring road's construction, in a contract worth an estimated 6.61 million lei (EUR1.56...