Romanian Financial Supervisory Authority

The Romanian Financial Supervisory Authority (Romanian: Autoritatea de Supraveghere Financiară, ASF)[1] is the national government agency responsible for financial regulation in Romania. Its mandate is to regulate, supervise, and control non-bank markets in Romania.

Under European Union policy frameworks, the ASF is a voting member of the respective Boards of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA)[2] and European Securities and Markets Authority (ESMA).[3] It is also a member of the European Systemic Risk Board (ESRB).[4]

History

The Authority was founded on April 26, 2013 through the merger of three prior regulatory bodies that had covered the same area of responsibility - the National Securities Commission [ro] (CNVM, est. 1994), Insurance Supervisory Commission [ro] (CSA, est. 2001), and Private Pension System Supervisory Commission [ro] (CSSP, est. 2005).

Governance and operations

The ASF is under the control of the Romanian Parliament. It has three areas of activity, insurance-reinsurance, capital markets, and private pensions.

It is run by a council of nine members, with five of the nine in executive positions: a president, a head vice president, and three vice presidents for sectors: insurance-reinsurance, capital markets and private pensions.

See also

References

  1. ^ "Eureporter: An EU agency that ignores EU Treaty commitments | The new world of insurance". novis.eu (in Icelandic). Retrieved 8 October 2025.
  2. ^ "Board of Supervisors". EIOPA. Retrieved 19 November 2025.
  3. ^ "Board of Supervisors". ESMA. Retrieved 19 November 2025.
  4. ^ "List of ESRB Members and National Macroprudential Authorities". European Systemic Risk Board. 21 November 2025.
allikas: https://en.wikipedia.org/wiki/Romanian_Financial_Supervisory_Authority