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 snapshot of the CX market: aligning customer expectations with company strategies. Global and local CX leaders, strategy, HR and marketing specialists, as well as representatives of some of the most customer-centric companies in the region, gathered on October 14–15 at CX Conference 2025, an event organized by Customer Experience Romania, under the coordination of […]
Noam Mobili Design closed the first ten months of 2025 with a turnover of €1.91 million, approaching the total reported for 2024 of €2.1 million. The company expects to end the year at a similar level, with a slight increase, despite an economic context marked by cautious spending and delayed investment decisions. “In a year […]
Romania’s solar sector is entering a decisive phase, balancing immense potential with persistent grid and permitting challenges. In this exclusive Romania Insider interview, Alina Ștefan, Chief Commercial Officer at Enexus, and Mirel Jarnea, Country Manager of LONGi România, discuss how their partnership is redefining solar investment and execution in one of Europe’s fastest-growing renewable markets. […]
The fourth edition of the Climate Change Summit brought together over 1,300 leaders and innovators and generated over 1 million online views, confirming Romania's role in the international dialogue on economy, climate and innovation, with messages of support sent by President Nicușor Dan, Prime Minister Ilie Bolojan and European Commission President Ursula von der Leyen. […]
IKEA, the world’s largest furniture retailer, announced the opening of the first Planning and Order Studio in Cluj County on Thursday, October 23. Located inside the Kaufland Cluj-Gheorgheni shopping gallery in Cluj-Napoca, the location spans over 200 sqm and includes a planning area and a space displaying more than 1,100 IKEA items. The new studio […]
Romanian president Nicușor Dan said that EU countries must equip themselves to deter Russia “from thinking about an attack on Europe,” according to Agerpres. The danger is not new, Dan argued. The EU has been facing a hybrid war for at least a decade. The Romanian president made the statement...
