Program 2008

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Following the SPI Committee discussion in its July 25, 2007 meeting the SPI Secretariat has launched the identification phase for the projects to be undertaken in 2008.


In the context of the European Union Single Financial Market strategy, SPI projects should contribute to:

  • improvements in the financial infrastructure
  • expansion of banking products and services
  • reduction in the cost of banking operations
  • improvement in customer service.

The first batch of proposals covers many aspects in each of these dimensions.

Program Build-Up Principles

Based on the Program 2008 build-up principles, the SPI Secretariat has distributed a questionnaire to public and private stakeholders. Contributions were received at the following address:

The SPI Secretariat published the list of proposed projects at the beginning of October for a public consultation process.

SPI Secretariat released in December the list of proposed SPI projects for 2008- 12 Business Development , 11 Industry Competitiveness (10 new project proposals and a project on Bank's future contributions to RDGF already approved by SPI Committee in its July 2007 meeting) and 10 Industry Reputation.

Next Steps

SPI Committee has approved in its March meeting nine new high priority projects to be undertaken by the SPI Secretariat in 2008 and their respective planning and the continuation of the Lending Databases project which started in 2007.The SPI Secretariat will start preparing projects ToRs and will gather public-private project working groups for the new projects.

Program 2008



Main Drivers




Loan Loss and Mortgage Loan servicing database

Building a set of recommendations regarding achieving a consensus,technical and practical steps (including the developing and 'governance' of the database) that the banking system should follow in order to establish the database.

Public: Improved consumer access to mortgage loans

Private: Reduction in banks' capital requirements.




April 2008



Increasing bank lending under PPPs

To prepare a document underlining the main provisions of the regulations on PPPs, providing clarifying details on the interpretation of the legal provisions and the identified solutions for a better legal and institutional framework in order to facilitate lending under PPPs.


Public: The results of an increased banks' involvement in financing PPPs would facilitate the accomplishment of a better infrastructure and would also contribute to the improvement in the absorption rate for structural funds.

Private: Lending under PPP represents an important business opportunity for banks.

July 2008




Co-financing with EU structural funds


To prepare a document presenting legal framework and the proposed solutions for facilitating structural funds absorption, based on a comprehensive assessment of the roadblocks perceived by the users and co-financing institutions.


Public: Increasing the absorption rate for structural funds and boost economic development.

Private: Co-financing with structural funds is a high potential business for the Romanian banking sector.





September 2008




Modernizing Tbills regulatory framework


To prepare a document presenting the necessary regulatory amendments and their impact on the industry and authorities.

Public: MEF would benefit of the industry's input on the regulatory framework. At the same time, the decrease in the compliance costs could generate more taxable income.

Private: Banks and other capital market players could be involved in the process of revising the existing regulatory framework and in improving it; thus compliance costs could be decreased.






September 2008



Developing T-bills OTC market


A document recommending the technical platform that would optimize the costs-benefits ratio.


Public: State budget could benefit of an increased income due to the growth of the transactions volume and of the efficiency.

Private: Developing a common platform for Tbills transactions on the secondary market would allow an increase in the volume of transactions and in the transparency and efficiency of the market.






September 2008



The Banks' future contributions to RDGF

Set-up of a proposal for calculating credit institutions' contributions at RDGF.

Public: Potential reduction of products and banking service costs as consequence of the eventual reduction in contributions of the banks to RDGF.

Private: Potential reduction of credit institutions' contributions at RDGF shall determine the release of some cash that might be used in business development.


September 2008


Reducing the paper-based documents


A document identifying all areas where paper usage could be diminished and the necessary regulatory amendments.


Public: Positive influence on financial banking sector on medium and short term

Private: Reduce costs for banks and companies to trace and collect such documents




December 2008



Reviewing bad debts recovery procedures

A document emphasizing the disadvantages brought by the existing situation and proposing the necessary law amendments


Public: Consumers and state budget could benefit from the decrease in banks’ losses.

Private: By improving the regulatory framework for debt recovery, banks’ costs would diminish.




July 2008




Enhancing financial consumer's protection and basic bank products information

Support the organization of the event for presenting World Bank’s mission conclusions concerning consumer protection and education in the financial-banking products field.

A document containing the information concerning consumer information standards regarding basic bank products and services

Public: Better information could enable consumers to make better choices.

Private: Standard information to customers could decrease banks’ costs with solving unsatisfied clients’ complaints and could enhance competition.


July 2008-1st half



December 2008- 2nd half


Bank Ethics Code


A project of banks ethic code

Public: The Code of Conduct would be a very useful tool for consumer education and would enhance the consumer position in relation with the industry.

Private: The existence of a Code of Conduct would enhance the industry reputation and would be a benchmark for improving the quality of the bank service.


December 2008