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The FSA transformation

The Financial Supervisory Authority is strengthening its roles and the capacity of reaction, while reducing personnel spending with around RON 70mn

The Financial Supervisory Authority is finalizing the institutional transformation process, launched on May 30, 2014, together with the approval of the new FSA architecture by the Council of FSA.


During June-August 2014, the FSA had intense consultations with the National Bank of Romania and benefited from the specialized support of the World Bank, as well as of several well-known consultancy companies (PricewaterhouseCoopers, Deloitte, Hay Group) regarding issues of defining institutional construction, the personnel requirements and the retribution system.


For more information, please see the Romanian version of the article, here.
 

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AUTORITATEA DE SUPRAVEGHERE FINANCIARA