The Government introduced on Thursday, through a draft law, express provisions to ensure that the National Bank of Romania (BNR) assumes the role of competent authority at national level, in the area of securitisation, for entities under its supervision/monitoring, in application of Regulation (EU) 2017/2.402, including taking into account the amendments and additions introduced by Regulation (EU) 2021/557."Thus, the National Bank is the competent authority for a wide range of participants in securitisation operations, such as: institutional investors, sponsors, originators and initial creditors, if they are credit institutions under the supervision of the BNR; originators and initial creditors if they are non-bank financial institutions, Romanian legal entities; third parties, if the initiator or sponsor using the services of a third party is a credit institution under the supervision of the BNR or a non-bank financial institution," the press release reads.However, the draft law provides for a series of sanctions and administrative measures, as well as provisions on the publication on the BNR website of the administrative sanctions adopted.It also provides for the procedures, processes and mechanisms to be developed and applied by the entities for which the BNR is the competent authority, as well as provisions for the issuance of regulations by the BNR for the purpose of uniform application of the legislative framework in the area of securitisation, including the guidelines and recommendations issued by the European Banking Authority.The draft law will be sent to Parliament for debate and adoption.
A street in Bucharest’s District 3 has been closed to traffic after the state-owned gas network operator Transgaz warned that it had been built over natural gas pipelines in violation of safety standards. Brățării Street was allegedly built by the District 3 City Hall in the area without proper measures in place. Vehicular traffic over […]
Paysera is strengthening its position in Romania by targeting a gap long overlooked by traditional banks: affordable, fully digital financial services for small and medium-sized businesses. In an interview with Romania Insider, Daniel Turbatu, Country Manager of Paysera Romania, says the company’s biggest advantage remains its free business account, which can be opened entirely online […]
DN Agrar Group (BVB: DN), one of the leading integrated agrifood companies in Romania and the largest dairy milk producer in Europe, reported record results for the first nine months of 2025. The company achieved a turnover of RON 158 million, a 25% increase year-on-year, while net profit doubled to RON 43 million, backed by […]
Presidential adviser Ludovic Orban is leaving his position after just six weeks in office, following a mutual agreement with president Nicușor Dan to end their collaboration, the Presidential Administration announced on Tuesday, November 18, as reported by Agerpres. Orban, a former prime...
Yellow Fresh Fruits has quickly emerged as one of Romania’s most dynamic fresh fruit importers, reshaping a market where consistency and speed increasingly define competitiveness. In an interview with Romania Insider, Fryderyk Schiller, COO of Yellow Fresh Fruits, outlines how the company expanded from its Polish origins to operating advanced ripening centers in Timișoara, Bucharest, […]
The design phase for the most difficult section of the A8 highway, namely Lot 2B Grinţieş-Pipirig, has begun, according to a statement given by Romanian transport minister Ciprian Şerban on Monday, November 18. The contract for the section, valued at RON 5.97 billion (EUR 1.17 billion), was signed at the end of October. In total, […]
