Organisation

The NCMO comprises:

The National Bank of Romania. The central bank of Romania. Its primary objective is to ensure and maintain price stability. Without prejudice to its primary objective, the NBR supports the general economic policy of the State.
The Financial Supervisory Authority. It was established as an autonomous, specialised, with legal status, independent, self-financed administrative authority, exercising its duties by taking over and reorganising all duties and powers of the National Securities Commission (CNVM), the Insurance Supervisory Commission (CSA) and the Private Pension System Supervisory Commission (CSSPP).
The Ministry of Public Finance. The MPF is organised and run as a specialised body of central public administration, with legal status, subordinated to the Government that implements the strategy and Government Programme in the field of public finance.
The Bank Deposit Guarantee Fund. It guarantees bank deposits in case a credit institution faces insolvency. If the bank where deposits were made can no longer repay the depositors, the Fund ensures the compensation payments. At the same time, the Fund may operate as special administrator, temporary administrator, sole liquidator or shareholder of a bridge bank or of an asset management vehicle, according to the legislation on the recovery and resolution of credit institutions.

The General Board of the NCMO consists of:

  • Mugur Isărescu, Governor of the National Bank of Romania – Chairman of the NCMO;
  • Florin Georgescu, First Deputy Governor of the National Bank of Romania;
  • Liviu Voinea, Deputy Governor of the National Bank of Romania, coordinator of the financial stability activity;
  • Leonardo Badea, President of the Financial Supervisory Authority;
  • Elena Doina Dascălu, First Vice President of the Financial Supervisory Authority;
  • Cristian Roșu, Vice President of the Financial Supervisory Authority;
  • Eugen Orlando Teodorovici, Minister, Ministry of Public Finance;
  • Attila György, Secretary of State responsible for coordinating the promotion of the legal framework for financial markets, Ministry of Public Finance; and
  • Tiberiu Valentin Mavrodin, Secretary of State responsible for coordinating the treasury and public debt management, Ministry of Public Finance.

Furthermore, the General Director of the Bank Deposit Guarantee Fund, Petre Tulin, participates in the General Board meetings without having a voting right.