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Romanian Ctrl Bk May Be Authorized To Request Changes In Bk Mgmt, Hldr

The National Bank of Romania might be authorized to request changes in the banks’ management or shareholding, if their activity is considered unsatisfactory, central bank’s chief-economist Valentin Lazea said Wednesday.
Romanian Ctrl Bk May Be Authorized To Request Changes In Bk Mgmt, Hldr
20 mai 2009, 12:19, English

"It will be draft law, that should be approved by the Parliament. It is intended the central bank to be able to operate changes in banks’ managements and shareholding structure, if correct actions are not carried out, for instance, if they don’t bring enough capital,” Lazea stated.

He added that the banks in Romania will need to have a solvency ratio of minimum 10% by September, and those banks that do not comply with this condition should increase their own capitals.