Romania; Financial System Stability Assessment, Including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, Anti-Money Laundering and Combating the Financing of Terrorism, Monetary and Financial Policy Transparency

The program of budget restraint and reduction of the quasi-fiscal losses, supported by the IMF's Stand-By Arrangement, was successful in bringing domestic demand down to sustainable levels, lowering inflation, and narrowing the current account deficit. The stabilization effort was supported by the fiscal policy. A sensitivity analysis is used to assess banking sector vulnerabilities. The Deposit Guarantee Fund (DGF) is operating satisfactorily but will need to strengthen its resources considerably to provide a sufficient level of support. The insurance sector is small and underdeveloped.

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Year of publication:	2003-12-16
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Reports on the Observance of Standards and Codes \| banking \| banking supervision \| money laundering \| banking system \| foreign exchange \| banking sector \| national bank \| foreign banks \| securities regulation \| accounting standards \| risk management \| securities markets \| internal audit \| financial soundness \| terrorist financing \| deposit guarantee \| deposit insurance \| law enforcement \| interbank market \| consolidated supervision \| payment systems \| capital adequacy \| market participants \| legal entities \| banking law \| bank failures \| suspicious transactions \| international accounting standards \| international standards \| reporting requirements \| criminal liability \| collective investment schemes \| market intermediaries \| bank credit \| cash transactions \| payment system \| bank liquidity \| criminal laws \| settlement system \| bank supervisors \| illegal activities \| terrorist acts \| internal control \| bank branches \| bank performance \| bank deposits \| anti money laundering \| record keeping requirements \| confiscated assets \| bank capital \| supervisory agencies \| bank operations \| bank accounts \| criminal activity \| capital base \| loan classification \| banking supervision framework \| criminal law \| law enforcement authorities \| banks ? balance sheet \| settlement systems \| enforcement authorities \| investor confidence \| supervisory authority \| bank licenses \| prudential supervision \| internal auditing \| bank debt \| central banking \| monetary union \| financial regulations \| combating money \| criminal acts \| financial standards \| international cooperation \| criminal activities \| competent authorities \| bank transfers \| banking risks \| clearing house \| risk management procedures \| investigative techniques \| banking business \| bank staff \| liquidity ratio \| adequate oversight \| supervisory boards \| financial accountability \| internal organization \| segmentation \| supervisory authorities \| internal controls \| enforcement powers \| foreign regulators \| capital adequacy ratio \| bank governance \| insurance policies \| internal control procedures \| money laundering issues \| good faith \| bank liabilities \| combating money laundering \| return on equity \| banking license \| bank liquidation \| terrorist finance \| banks ? loan \| terrorist activities \| insurance supervisors \| bankruptcy procedure \| nonperforming loan \| share capital \| banking assets \| record keeping rules \| criminal authorities \| automated clearing house \| investigative powers \| criminal law enforcement \| financial law \| anti money laundering policies \| banking legislation \| connected lending \| bank lending \| narcotic drugs \| legal obligations \| terrorist assets \| mutual evaluations \| off site surveillance \| bank transparency \| banking supervisor \| law enforcement officials \| securities sectors \| bank failure \| bankrupt \| large cash transactions \| central banking legislation \| intelligence units \| financial intelligence units \| law enforcement agencies \| capital adequacy directive \| legal assistance \| financial intelligence unit \| adequate safeguards \| transferable securities \| penal sanctions

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 03/389 4 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005252842