Isarescu goes to Parliament

NBR governor Mugur Isarescu will be invited to present the Central Bank’s position on the co-operative credit organisations-people’s banks as soon as the budget is enacted. The decision was made by Chamber of Deputies and Senate leaderships on Tuesday, as prompted by PM Adrian Nastase.

PM’s letter to Parliament shows that NBR’s statute allows legislative authorities to ask the bank to state its position about the problems falling upon it.

Subsequently, given that the population and international bodies closely follow the situation of credit co-operatives, the PM recommended that Parliament should request NBR to go public with its strategy for supervision of the co-operative credit organisations.