Organization of Non-Bank Financial Institutions and Their Need for Supervision

Lucian-Ion Medar
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Lucian-Ion Medar: Constantin Brancusi University, Faculty of Economics, Romania

Annals - Economy Series, 2010, vol. 2, 7-16

Abstract: In order to monitor lending operations, implicitly leading to an increase in money supply, and all financial and non-financial transactions, non-bank financial institutions allow empowered personnel of National Bank of Romania to examine their records, accounts and transactions, providing to this end all the documents and information concerning the management, internal control and operations of non-bank financial institutions, as will be required. Registered non-bank financial institutions carrying out monetary activities are legal persons reporting to the Credit Risk Control of National Bank of Romania, in compliance with the field regulations issued by the above mentioned bank.

Keywords: non-bank financial institutions; money creation; prudential supervision; monetary activities (search for similar items in EconPapers)
Date: 2010
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