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Autoritatea de Supraveghere Financiară (ASF)Autoritatea de Supraveghere Financiară (ASF)National Bank of Romania/

Romanian Financial and Insurance Markets Regulation 

Romanian financial and insurance markets are supervised by two National Competent Authorities. 

Autoritatea de Supraveghere Financiară (ASF)

The Financial Supervisory Authority is the competent authority for all tasks related to financial markets. It’s an autonomous, specialized, with legal status, independent, self-financed administrative authority, exercising its duties by taking over and reorganizing all duties and powers of the National Securities Commission (CNVM), the Insurance Supervisory Commission (CSA) and the Private Pension System Supervisory Commission (CSSPP).

For more information: Home (


National Bank of Romania

The National Bank of Romania is an independent public institution, whose primary goal is to ensure and maintain price stability. Its main tasks are: to design and implement the monetary policy and the exchange rate policy; to conduct the authorisation, regulation and prudential supervision of credit institutions; to promote and oversee the smooth operation of the payment systems with a view to ensuring financial stability; to issue banknotes and coins as legal tender to be used on the territory of Romania; to set the exchange rate regime and to oversee its observance.

For more information: Banca Naţională a României – National Bank of Romania (


ASF Legislation (

Banca Naţională a României – NBR Legislation (

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