IMF Staff Country Reports

Romania: Financial Sector Assessment Program-Technical Note-Crisis Preparedness and Safety Net

June 8, 2018

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Romania: Financial Sector Assessment Program-Technical Note-Crisis Preparedness and Safety Net, (USA: International Monetary Fund, 2018) accessed December 4, 2024

Summary

This Technical Note assesses the state of crisis preparedness and safety net in Romania. The bank resolution and crisis management toolkit has been significantly revamped since the last Financial Sector Assessment Program. The implementation of the Bank Resolution and Recovery Directive in Romania enhanced the National Bank of Romania’s (NBR) powers to deal with failing banks, while the Bank Deposit Guarantee Fund gained greater involvement in these processes. The NBR has been charged with new responsibilities that flow from its ongoing role as supervisory and resolution authority, namely the enforcement and analysis of recovery planning requirements and the preparation of resolution plans. Some elements needed for the effectiveness to the crisis management framework are still work-in-progress.

Subject: Bank resolution, Bank resolution framework, Bridge bank, Crisis management, Crisis management framework, Crisis prevention, Financial crises

Keywords: Bank deposit Guarantee Fund, Bank Recovery, Bank resolution, Bank resolution framework, Central bank, CR, Crisis management, Crisis management framework, Crisis prevention, Global, Investment policy, ISCR, Liquidation procedure, NBR order No., NBR remit, NBR's repo facility, Order No., Repo facility, Resolution college, Resolution framework, Resolution planning, Resolvability assessment methodology

Publication Details

  • Pages:

    27

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2018/165

  • Stock No:

    1ROMEA2018008

  • ISBN:

    9781484360743

  • ISSN:

    1934-7685