NBR's Olteanu recommends consumer protection authority to discuss with banks more

NBR vice-governor Bogdan Olteanu recommends ANPC (consumer protection authority), the originator of the ordinance on loans, to discuss with banks more and learn more about how lending institutions work.
The Parliament will decide on the final version of the emergency ordinance on loan contracts for individuals to be enacted, and only then the National Bank will express its opinion on the impact on financial stability, yet regardless of the final version, the National Consumer Protection Authority (ANPC) should be more concerned about banking science, says Bogdan Olteanu, NBR vice-governor in charge of the legal department.
"The lawmaker will decide. The decision has to be within the bounds of the Constitution and of the European Commission. (...) Until we see the decision of the Parliament, we cannot comment. We are waiting for the final solution," Olteanu said.
Although he will not comment on the content of the normative act, which is already producing effects on the banking market, Olteanu's intervention in his position as a high-ranking NBR official is another manner of NBR speaking in favour of the commercial banks, after Nicolae Cinteză, head of NBR's Supervision Department, last month repeatedly criticised Ordinance 50 and talked about potential losses that the banking system might incur as a result of the enforcement of the normative act.