The objective of the memorandum signed between the President of the Financial Supervisory Authority (FSA), Misu Negritoiu and the World Bank Country Manager for Romania, Elisabetta Capannelli, is supporting the FSA in the following directions:
• Optimizing the organizational architecture in line with the mechanisms suitable for a multi-sector integrated financial supervisory authority;
• Improving the regulatory framework while strengthening the supervisory mechanism within the FSA.
According to the memorandum, a team of experts from the World Bank will evaluate and offer recommendations to the FSA on several levels regarding the organizational structures and the optimization of the internal processes.
For more information, please see the Romanian version of the article, here.