Description
Under Basel II, regulators can allow banks to use credit ratings from certain approved credit rating agencies (CRAs) when calculating their capital reserve requirements. The national supervisors are responsible in determining whether the CRAs meet eligibility criteria.
Local rating agencies are awaiting a regulation to be issued by the National Securities Commission (NSC) to start undertaking the rating activity.
Impact Drivers
- Public- To lower capital requirements
- Private- To improve customers' accessibility to lending without impairing the soundness of the banking industry.
Economics
To be estimated
SPI Committee Involvement
To facilitate a coordinated approach among the main stakeholders, whose involvement will be required to achieve a workable solution for enabling the CRAs to play the role assigned under Basel II.Additional Information on SPI Committee.
Management
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Doina Ionescu
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Project Manager (PM), Director Bancpost
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Members |
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Iulius Mironescu
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Casa de Economii si Consemnatiuni
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Ramona Ivan
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Banca Comerciala Romana
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Dana Stroescu
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Banca Comerciala Romana
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Bogdan Moianescu
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Expert, National Bank of Romania
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Iulia Pruna
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Specialist, CNVM
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Oana Marinoiu
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Legal Adviser, CNVM
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Radu Oniga
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Specialist , CNVM
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Laurentiu Badita
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Coface Romania
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Terms of Reference
Regulatory Impact Assessment
SPI Committee Documents
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