Greece's head of financial supervision met with Isarescu

NBR governor Mugur Isarescu at the end of last week discussed
with the director of the Department for the Supervision of Credit
and Financial Institutions of Greece, Ioannis Gousios, with Ivan
Iskrov, National Bank of Bulgaria governor, with Athanasios
Orphanides, National Bank of Cyprus governor, and with the
officials of another three central banks in the region on financial
system soundness, considering that international investors are
worried again about the emerging economies in the region, which
could be hurt by Greece’s current fiscal and financial woes.
“Discussions centred on recent financial and macroeconomic
problems, banks’ situation and outlooks, as well as on changes in
the regulation framework in this region. Participants concluded
that, despite international financial turmoil, the banking system
of each country in SE Europe is still sound and adequately
capitalised,” say NBR representatives. No less than seven Greek
financial groups are present domestically.