Romania: Financial Sector Assessment Program-Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision

International Monetary Fund

No 2018/171, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses findings of the Detailed Assessment of Observance of the Basel Core Principles (BCP) for Effective Banking Supervision in Romania. The supervisory approach of the National Bank of Romania (NBR) has been changing toward a more risk based approach since the previous BCP assessment, but more needs to be done. Further development of the NBR’s supervisory approach will make supervision more effective and in line with the requirements of the 2012 BCP. The NBR may need to devote more supervisory attention to banks’ risk models and building up further expertise in specialized areas such as information technology and market risk. In the area of corrective actions and sanctions, the NBR should review its framework to ensure it is protected from undue legal challenges.

Keywords: ISCR; CR; credit institution; NBR regulation; senior management; banking law (search for similar items in EconPapers)
Pages: 253
Date: 2018-06-20
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=45990 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2018/171

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().