Financial Oversight Authority

The Financial Oversight Authority (ASF) has launched an online instrument that facilitates the process of authorization on the non-banking financial market which is part of the institution's strategy to digitize its activity, announced, on Thursday, the ASF.

Former CEO of NN Pensii pension company Raluca Tintoiu on Friday won a lawsuit brought before the Supreme Court of Justice for the annulment of a fine issued to her by the Financial Oversight Authority (ASF) in 2017 amidst rumours regarding the nationalisation of Pillar II pension plans.

Minister of Labour and Social Protection Violeta Alexandru and providers of private pension plans have been discussing for some time the return on investment rates offered by privately managed pension plans.

Romania's mandatory private pension funds had assets of over 55.15 billion lei on 30 June 2019, up 26.12 percent against the level recorded in the similar month of last year, according to data with the Financial Oversight Authority (ASF). Government bonds made up the largest share of the assets, namely 32.24 billion lei and a 58.46 percent share.

Chairperson of the Social Democratic Party (PSD) Viorica Dancila announced on Monday that the party endorses Mugur Isarescu's candidacy for the governor office of the National Bank of Romania (BNR). "The governor is certainly important, too, but also the manner in which work has been carried out this time, depending on the share in Parliament of each political party.

Mandatory private pension funds in Romania had assets worth over 52.26 billion lei on 30 April 2019, up 21.42 percent from the same level of the previous year, according to the Financial Oversight Authority (ASF) data. Government securities made up the largest share of the assets, of 30.06 billion lei, respectively 57.52 percent. Shares came in second, at 9.96 billion lei (19.07 percent).

The Bucharest Stock Exchange (BVB) is organizing, on Thursday, a specialty conference with the topic of "Perspectives for the development of the municipal bonds market at the Bucharest Stock Market".