A so-called "open letter", which contains attacks against Daniela Mihailescu, the head of the CNVM, has caused a commotion in the domestic stock market, at the end of last week.
The letter is probably part of the struggle caused by the inappropriate initiative of the government to restructure the oversight of the stock market, the insurance and pension markets, and unite them under one regulator, the Unified Oversight Authority (ASF), which will replace the regulators of the three aforementioned markets, and where, if you want to keep your current job, you have to hustle.
A certain "Vlad Prunea" sent us an e-mail which claims to be "an open letter", by which he warns PM Victor Ponta and the Parliament that Dorina Mihăilescu, commissioner of the Romanian National Securities Commission, has asked the World Bank, the IMF and the European Commission to oppose the privatization of the state owned companies through the Bucharest Stock Exchange, claiming that the European regulations for the protection of shareholders have not been implemented.
Dorina Mihăilescu told us: "The person who sent this letter has no idea about my activity, is probably using information which came to them through an intermediary. If this action is the result of my colleagues' < good-intentions > then I think that any comments would be superfluous".
At the same time, "Vlad Prunea" claims that Dorina Mihăilescu is deliberately obstructing the activity of the Commission, by rejecting 95% of the items discussed during the meetings, and therefore asks for an investigation of the commissioner's activity.
When we informed her about this accusation, Dorina Mihăilescu told us that the decisions of the Commission are made with a majority of 50 plus one votes: "Assuming I was the one who always opposes everything, could I block the decisions of the other six commissioners?", sh
