National Bank of Romania flags ‘severe systemic risk’ posed by legislative framework

The National Bank of Romania publishes the first of two financial stability reports due this year. Image: Shutterstock

The "uncertain and unpredictable legislative framework" around finance and banking now constitutes a "severe systemic risk" in Romania, the central bank has warned.
The National Bank of Romania published its latest financial stability report today (April 28) – the first of two this year, having previously released a report annually. The central bank reiterates its concerns around a law on "debt discharge" passed by parliament.

The law, sent back by the president for re-examination, would make it

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