www.economica.net/bnr-schimba-regulile-pentru-cond

The National Bank of Romania is proposing significant updates to the prudential regulatory framework for credit institutions, focusing on governance and oversight. The draft includes 130 amendments, emphasizing clearer responsibilities for bank boards and enhanced evaluation of key personnel. It introduces stricter remuneration rules for staff impacting risk profiles and clarifies the definition of key function holders. Additionally, it addresses conflicts of interest and incorporates environmental, social, and governance (ESG) risks into risk management. The consultation period for public feedback runs until November 23, 2026.