adevarul.ro/economie/cele-zece-banci-amendate-de-c

Ten banks in Romania have initiated legal proceedings to suspend a decision by the Competition Council, which imposed fines totaling over 700 million euros for alleged interest rate manipulation. The first case was filed by BRD, with the court set to decide on the suspension soon. The National Bank of Romania disagreed with the Council's findings, stating that the methodology for calculating ROBOR was misunderstood. Each bank is pursuing separate legal actions, and the Competition Council has requested public hearings, while the banks prefer private sessions to protect banking secrets. The investigation began in late 2022, focusing on potential collusion among banks in setting ROBOR rates, which significantly affect loan interest rates.