Romanian Financial Supervisory Authority
The Romanian Financial Supervisory Authority is a national Romanian governmental agency. Its mandate is to regulate, supervise, and control nonbank markets in Romania.
The Authority was founded through the merger of three prior regulatory bodies that had covered the same area of responsibility - the CSA, CNVM, and CSSP.
The ASF is placed under the control of the Romanian Parliament. It has three areas of activity, insurance-reinsurance, capital markets, and private pensions.
The ASF is run by a council of nine members with five of the nine in its executive. The executive consists of a president, a head vice president, and three vice presidents for sectors: insurance-reinsurance, capital markets and private pensions.
