The Financial Supervisory Authority is an autonomous managerial authority that will take overall the attributions and prerogatives of the existing securities commission CNVM, the insurance market regulator CSA, and the private pension system regulator CSSPP.

Parliamentary committees on Tuesday endorsed Dan Radu Rusanu for president of the ASF and Daniel Daianu for first vice-president. Daniel Tudor, Mircea Ursache, and Ion Giurescu were also endorsed for vice-presidential positions.

Out of the proposed non-executive members of the supervisory authority, parliamentary committees endorsed Dorina Mihailescu, Gheorghe Marcu, Gavrila Alexe, Gheorghe Albu, Lorand-Istvan Kralik, Marian Mirzac, Marian Sarbu, Cornel Moldoveanu, Tudor Balta, Doru Frunzulica, Nina Puiu, and Cornel Coca Constantinescu, while Doina Domnica Parcalabu, Octavian Lupu, Ion Golu, Emilian Moscu Popescu, Dragos Mihalache, and Daniel Stefan Armeanu did not get endorsement.

The membership of the Financial Supervisory Authority will be put to the vote Wednesday in the Parliament’s plenary session.