The General Board of the National Committee for Macroprudential Oversight (NCMO) convened on 6 June 2019 for its third meeting of the year. During the meeting, Board members discussed issues focusing on macroprudential policy such as: (i) the regular analysis on the recalibration of the countercyclical capital buffer; (ii) the draft 2018 Annual Report of the National Committee for […]
Taking into account market condition, the NCMO proactively and reactively issues recommendations on the countercyclical capital buffer, firms’ financial soundness or overindebtedness.
Art. 2 of Law No. 12/2017: The fundamental objective of the Committee shall be to contribute to safeguarding financial stability, also by strengthening the resilience of the financial system and by containing the build-up of systemic risks, thereby ensuring a sustainable contribution of the financial sector to economic growth.
The NCMO is an entity without legal personality, comprised of representatives from the National Bank of Romania, the Financial Supervisory Authority, the Government (Ministry of Public Finance), as well as from the Bank Deposit Guarantee Fund.