Credit Institutions

Emergency Ordinance No. 99/2006 on Credit Institutions and Capital Adequacy
(Monitorul Oficial al României, Partea I, no.1027 of 27 December 2006)
Law No. 227/2007 approving Emergency Ordinance No. 99/2006, with amendments and supplements
(Monitorul Oficial al României, Partea I, no.480 of 18 July 2007)

Emergency Ordinance No. 215/2008 (unofficial version)
(Monitorul Oficial al României, Partea I, of 16 December 2008)

Emergency Ordinance No. 25/2009 (unofficial version)
(Monitorul Oficial al României, Partea I, no.179 of 23 March 2009)

Law no. 270/2009 (unofficial version)
(Monitorul Oficial al României, Partea I, of 13 July 2009)

Emergency Ordinance no. 26/2010 (unofficial version)
(Monitorul Oficial al României, Partea I, no.208 of 1 April 2010)

Law no. 231/2010 (unofficial version)
(Monitorul Oficial al României, Partea I, no.826 of 10 December 2010)

Ordinance no. 13/2011 (unofficial version)
(Monitorul Oficial al României, Partea I, no. 607 of 29 August 2011)

Ordinance no. 1/2012 (unofficial version)
(Monitorul Oficial al României, Partea I, no. 41 of 18 January 2012)

Emergency Ordinance No. 99/2006 (consolidated text: Law 227/2007, GEO 215/2008, GEO 25/2009, Law 270/2009, GEO 26/2010, Law 231/2010, GO 13/2011, GO 1/2012)

Regulations issued for its enforcement

Authorisation of credit institutions, Romanian legal entities, and branches in Romania of third-country credit institutions
- Regulation no.11 of 6.12.2007
- Regulation no.1 of 6.01.2009 (Romanian only)
- Regulation no.4 of 23.04.2009 (Romanian only)
- Regulation no.15 of 12.08.2009 (Romanian only)
Assessment of the adequacy of the supervision framework in the third home country and the checking of the matching of the supervision exercised by the competent authorities in third countries with that governed by the principles stipulated in Government Emergency Ordinance No. 99/2006
- Regulation no.2 of 23.01.2008
- Questions on regulation and supervisory practices in a third country applied to credit institutions
Determination of minimum capital requirements for credit institutions and investment firms
- Order no. 10/107 of 14.12.2006
- Regulation NBR - NSC no. 13/18 of 14.12.2006
  Regulation NBR-NSC no. 14/71/2009
Credit risk treatment using the standardised approach for credit institutions and investment firms
- Order no. 11/108 of 2006
- Regulation NBR - NSC no. 14/19 of 14.12.2006
- Regulation no.3 of 23.01.2008 (Romanian only)
- NBR/NSC Order no. 8/60/2011 (Romanian only)
- NBR/NSC Regulation no. 12/7/2011 (Romanian only)
Credit risk treatment using the internal models based approach, for credit institutions and investment firms
- Order no.12/109 of 14.12.2006
- Regulation NBR - NSC no. 15/ 20 of 14.12.2006
- Order no.6/43 of 23.07.2009 (Romanian only)
- Regulation no.12/5 of 23.07.2009 (Romanian only)
  Regulation NBR no.26 of 2009
Large exposures of credit institutions and investment firms
- Order no.13/110 of 14.12.2006
- Regulation NBR - NSC no. 14/24/2010 (Romanian only)
Consolidated supervision of credit institutions and investment firms
- Order no.14/111 of 14.12.2006
- Regulation NBR - NSC no. 17/22 of 14.12.2006
Own funds of credit institutions and investment firms
- Order no.17/146 of 13.11.2007
- Regulation NBR - NSC no. 10/12/2007
- Order no.15/112 of 14.12.2006
- Regulation NBR - NSC no. 18/23 of 14.12.2006
- NBR/NSC Order no. 9/61/2011 (Romanian only)
- NBR/NSC Regulation no. 13/8/2011 (Romanian only)
Credit risk mitigation techniques used by credit institutions and investment firms
- Order no.16/113 of 14.12.2006
- Regulation NBR - NSC no. 19/24 of 14.12.2006
Treatment of counterparty credit risk of derivative instruments, repurchase transactions, securities or commodities lending or borrowing transactions, long settlement transactions and margin lending transactions
- Order no.17/114 of 14.12.2006
- Regulation NBR - NSC no. 20/25 of 14.12.2006
Credit risk treatment regarding securitized exposures and securitisation positions
- Order no. 18/115 of 14.12.2006
- Regulation NBR - NSC no. 21/26 of 14.12.2006
Capital adequacy of credit institutions and investment firms
- Order no.9 of 25.05.2007 (Romanian only)
- Order no. 19/116 of 14.12.2006
- Regulation NBR/NSC no. 22/27 of 14.12.2006
- NBR/NSC Order no. 10/62/2011 (Romanian only)
- NBR/NSC Regulation no. 14/9/2011 (Romanian only)
- NBR Norm no. 1/2011 (Romanian only)
Technical criteria concerning the organisation and treatment of risks, as well as technical criteria on review and evaluation by the competent authorities
- Order no. 20/117 of 14.12.2006
- Regulation NBR - NSC no. 23/28 of 14.12.2006
Calculation of the minimum capital requirements for operational risk of credit institutions and investment firms
- Order no. 21/118 of 14.12.2006
- Regulation NBR - NSC no. 24/29 of 14.12.2006
  Regulation NBR no. 25 of 15.12.2009
Disclosure requirements for credit institutions and investment firms
- Order no. 22/119 of 14.12.2006
- Regulation NBR - NSC no. 25/30 of 14.12.2006
Credit institutions' liquidity
- Regulation NBR no. 24 of 15.12.2009
  Regulation NBR 13 of 15.12.2009 (with annexes)
Governance arrangements of the credit institutions
- Regulation NBR no. 18 of 2009
- Regulation NBR no. 1 of 2010 (Romanian only)

LIST of the legal framework in Romania, adopted in order to protect the general interest and to regulate the specific conditions for carrying out certain activities in Romania by credit institutions authorised and supervised by competent authorities of the EU Member States, through a branch or directly

Regulations on the supplementary supervision of credit institutions, insurance and/or reinsurance entities investment firms and asset management companies in a financial conglomerate

Government Emergency Ordinance No.98/2006 on the supplementary supervision of credit institutions, insurance and/or reinsurance entities investment firms and asset management companies in a financial conglomerate
(Monitorul Oficial al României, Partea I, no.1023 of 22 December 2006)

Capital adequacy supplementary requirements, treatment of intra-group transactions and risk concentration at a financial conglomerate level
- Order no. 23/120/113136 of 15.12.2006
- Regulation on Winding-up of Credit Institutions

Banca Naţională a României

Credit Institutions