Romania Financial Sector Assessment Program : Detailed Assessment of Observance – Basel Core Principles for Effective Banking Supervision
As an European Union (EU) Member State, Romania is subject and aligned to the EU common regulatory framework for banking supervision. The EU regulatory framework for banking supervision has been subject to significant changes since the 2008 global...
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/782671532707761042/Romania-Financial-sector-assessment-program-detailed-assessment-of-observance-basel-core-principles-for-effective-banking-supervision http://hdl.handle.net/10986/30219 |
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okr-10986-302192021-05-25T09:16:59Z Romania Financial Sector Assessment Program : Detailed Assessment of Observance – Basel Core Principles for Effective Banking Supervision International Monetary Fund World Bank COMBATING THE FINANCING OF TERRORISM REGULATION BANKING OVERSIGHT CRISIS MANAGEMENT MARKET DISCIPLINE ACCOUNTABILITY SUPERVISION CORPORATE GOVERNANCE AUDITING LIQUIDITY CREDIT RISK FINANCIAL REPORTING As an European Union (EU) Member State, Romania is subject and aligned to the EU common regulatory framework for banking supervision. The EU regulatory framework for banking supervision has been subject to significant changes since the 2008 global financial crisis and the subsequent sovereign debt crisis. The adoption of the Capital Requirements Regulation and the Capital Requirements Directive IV (CRR/CRD IV) which forms the Single Rule Book was an important step towards stronger prudential regulation. Given that a large part of Romania's banking system is owned by Eurozone banks, the Single Supervisory Mechanism (SSM), as the home supervisor for Eurozone banks, is a key partner of the National Bank of Romania (NBR). Prudential regulations of the NBR are broadly aligned to the requirements of the Basel Core Principles (BCP). As of 2017, the NBR has identified 11 banks as systematically important, of which 8 are supervised at group level by the SSM. 2018-08-15T14:59:37Z 2018-08-15T14:59:37Z 2018-05 Report http://documents.worldbank.org/curated/en/782671532707761042/Romania-Financial-sector-assessment-program-detailed-assessment-of-observance-basel-core-principles-for-effective-banking-supervision http://hdl.handle.net/10986/30219 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Financial Sector Assessment Program Europe and Central Asia Romania |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
COMBATING THE FINANCING OF TERRORISM REGULATION BANKING OVERSIGHT CRISIS MANAGEMENT MARKET DISCIPLINE ACCOUNTABILITY SUPERVISION CORPORATE GOVERNANCE AUDITING LIQUIDITY CREDIT RISK FINANCIAL REPORTING |
| spellingShingle |
COMBATING THE FINANCING OF TERRORISM REGULATION BANKING OVERSIGHT CRISIS MANAGEMENT MARKET DISCIPLINE ACCOUNTABILITY SUPERVISION CORPORATE GOVERNANCE AUDITING LIQUIDITY CREDIT RISK FINANCIAL REPORTING International Monetary Fund World Bank Romania Financial Sector Assessment Program : Detailed Assessment of Observance – Basel Core Principles for Effective Banking Supervision |
| geographic_facet |
Europe and Central Asia Romania |
| description |
As an European Union (EU) Member State,
Romania is subject and aligned to the EU common regulatory
framework for banking supervision. The EU regulatory
framework for banking supervision has been subject to
significant changes since the 2008 global financial crisis
and the subsequent sovereign debt crisis. The adoption of
the Capital Requirements Regulation and the Capital
Requirements Directive IV (CRR/CRD IV) which forms the
Single Rule Book was an important step towards stronger
prudential regulation. Given that a large part of
Romania's banking system is owned by Eurozone banks,
the Single Supervisory Mechanism (SSM), as the home
supervisor for Eurozone banks, is a key partner of the
National Bank of Romania (NBR). Prudential regulations of
the NBR are broadly aligned to the requirements of the Basel
Core Principles (BCP). As of 2017, the NBR has identified 11
banks as systematically important, of which 8 are supervised
at group level by the SSM. |
| format |
Report |
| author |
International Monetary Fund World Bank |
| author_facet |
International Monetary Fund World Bank |
| author_sort |
International Monetary Fund |
| title |
Romania Financial Sector Assessment Program : Detailed Assessment of Observance – Basel Core Principles for Effective Banking Supervision |
| title_short |
Romania Financial Sector Assessment Program : Detailed Assessment of Observance – Basel Core Principles for Effective Banking Supervision |
| title_full |
Romania Financial Sector Assessment Program : Detailed Assessment of Observance – Basel Core Principles for Effective Banking Supervision |
| title_fullStr |
Romania Financial Sector Assessment Program : Detailed Assessment of Observance – Basel Core Principles for Effective Banking Supervision |
| title_full_unstemmed |
Romania Financial Sector Assessment Program : Detailed Assessment of Observance – Basel Core Principles for Effective Banking Supervision |
| title_sort |
romania financial sector assessment program : detailed assessment of observance – basel core principles for effective banking supervision |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/782671532707761042/Romania-Financial-sector-assessment-program-detailed-assessment-of-observance-basel-core-principles-for-effective-banking-supervision http://hdl.handle.net/10986/30219 |
| _version_ |
1764471451867414528 |