NBR vice-governor Bogdan Olteanu recommends ANPC (consumerprotection authority), the originator of the ordinance on loans, todiscuss with banks more and learn more about how lendinginstitutions work.
The Parliament will decide on the final version of the emergencyordinance on loan contracts for individuals to be enacted, and onlythen the National Bank will express its opinion on the impact onfinancial stability, yet regardless of the final version, theNational Consumer Protection Authority (ANPC) should be moreconcerned about banking science, says Bogdan Olteanu, NBRvice-governor in charge of the legal department.
"The lawmaker will decide. The decision has to be within the boundsof the Constitution and of the European Commission. (...) Until wesee the decision of the Parliament, we cannot comment. We arewaiting 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'sintervention in his position as a high-ranking NBR official isanother manner of NBR speaking in favour of the commercial banks,after Nicolae Cinteză, head of NBR's Supervision Department, lastmonth repeatedly criticised Ordinance 50 and talked about potentiallosses that the banking system might incur as a result of theenforcement of the normative act.
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