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.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
