* The Financial Supervision Authority will have 17 members
* Dan Radu Ruşanu, a favorite for the helm of the institution, as announced by BURSA on December 12th, 20120
The Budget Commission of the Chamber of Deputies has added two new members to the leading commission of the Financial Supervisory Authority (ASF), besides the 15 members it was initially stipulated to have, according to yesterday's amendments.
The ASF will take over the supervision of the stock market (CNVM), of the insurance industry (CSA) and of pensions (CSSPP). The deadline for the creation of the new institution is April 15th, 2013.
Dan Radu Ruşanu, the president of the Commission for Budget, Finance and Banks of the Chamber of Deputies, seems to be the one who is getting ready to take over the helm of the Authority. The BURSA newspaper reported, in the edition of December 12th, 2012, that the PNL favors Dan Radu Ruşanu, vice-president of the PNL as the head of the ASF.
The first name thrown around for the ASF was that of Florin Georgescu, the first deputy governor of the NBR. Then, other names made the rounds, including Mircea Ursache, the former president of the AVAS, economist Daniel Dăianu, banker Nicolae Dănilă, the president of SIF Transilvania, Mihai Fercală, or the former chairwoman of the CNVM, Gabriela Anghelache.
It would seem that the leadership of the ASF has led to talks within the USL, as the liberals do not agree to hand over this position as well, after the members of the PSD received key positions in the current government.
The management of the ASF will have a president, which must have at least ten years of work experience in the financial sector, a prime vice-president and three vice-presidents, who need to have at least seven years of experience, according to the amendments brought about by the deputies of the Budget Commission. @N_P
