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.
I am a bit late to the party, but I have thoughts (and concerns) on Radu Jude’s much talked-about Dracula, and even more thoughts (and compliments) on other films that I fear might have gone under the radar a bit. Let’s go! There is no more recognizable marketing asset for the local tourism (and no […]
Waterdrop®, brandul european care a redefinit experiența de hidratare prin soluții sustenabile și design minimalist, lansează în România colecția AO26 în Ediție Limitată, inspirată de dinamica și ritmul inconfundabil al Australian Open. Noua colecție aduce în prim-plan produse create pentru cei care își doresc hidratare de nivel profesionist în viața de zi cu zi, de […]
The 33rd edition of Concerto di Natale, held on December 13, 2025, at the Auditorium Conciliazione in Rome, will feature Romanian artists Stephanie Radu and Alin Stoica. The concert, a Christmas emblem, brings artists from all over the world before the international public. Soprano Stephanie Radu will perform two special moments, namely “Regalo di Natale,” her […]
North Bucharest Investments has been honored at the CIJ Awards 2025 with the Best Residential Real Estate Agency of the Year distinction — a recognition of the company’s performance, dedication, and strong positioning within Romania’s high-end residential market. “This award is about people. About those who choose, every single day, to believe in this company, […]
Romania ranks 11th in the world in the EF English Proficiency Index 2025, with a “very high” level of English language skills. According to the index, which represents one of the most extensive global studies on language competence, adults in Romania show a high level of English knowledge. English remains the main international language of communication, […]
Over EUR 1 million was raised at the 25th Christmas Tree Festival, which took place on Thursday, December 4, at the National Museum of Art in Bucharest. Funds will be used by Save the Children Romania, the organizer of the auction, for access to quality education. The tree that raised the most money in the […]
