BNR’s Supervisory Committee clarify how banks should apply the regulations amid COVID-19

The National Bank of Romania’s Supervisory Committee convened, on March 25th, in an emergency meeting to clarify the manner in which banks and non-bank financial institutions (NBFIs) in Romania should apply the regulations in force amid the COVID-19 pandemic. Specifically, the BNR will use the flexibilities in the legislative framework so that individuals and companies with outstanding loans could be helped by banks ...

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