Popa, NBR: Major banking groups need to be more closely supervised at home

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">Bank regulation needs to be more tightly correlated at a European level, says Cristian Popa, NBR vice-governor in charge with financial stability, because supervisors of host-countries, where large financial groups are present through subsidiaries, have a limited power to act over them.

Foreign groups concentrate over 80% of Romania"s banking assets, with only two Romanian-held banks, CEC Bank and Banca Transilvania, being present among the top ten players in the system. "We wrote the manual...

Read the whole story in: Ziarul Financiar