The committee is headed by central bank governor Mugur Isarescu and consists of members of the central bank, the financial supervision authority, and the government.

The committee did not give any details on the potential solutions it discussed but Isarescu said earlier this month the bank tax should be disconnected from benchmark interest levels, as it hinders monetary policy transmission.

According to the government decree, bank would pay a progressive tax of 0.1%-0.5% of assets if money market rates exceed 2%. A finance ministry official said recently the tax would be paid on a quarterly basis.