National Bank of Romania flags ‘severe systemic risk’ posed by legislative framework
Central bank publishes first of two financial stability reports due this year, after change in policy
The "uncertain and unpredictable legislative framework" around finance and banking now constitutes a "severe systemic risk" in Romania, the central bank has warned.
The National Bank of Romania published its latest financial stability report today (April 28) – the first of two this year, having previously released a report annually. The central bank reiterates its concerns around a law on "debt discharge" passed by parliament.
The law, sent back by the president for re-examination, would make it
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