* Dan Radu Ruşanu is the chairman
The members of the Parliament have made it their schedule to validate today the membership of the Financial Supervision Authority, which will incorporate the Romanian National Securities Commission (CNVM), the Insurance Supervision Commission (CSA) and the Commission for the Supervision of the Private Pension System (CSSPP), after its members were validated yesterday by the specialized commissions of the parliament.
Following yesterday's hearings, Dan Radu Ruşanu was validated as president of the ASF, and Daniel Dăianu for the position of first vice-president.
BURSA has announced since back in December 2012 that Ruşanu is backed by the PNL for the presidency of the Financial Supervision Authority.
For the positions of vice-presidents, were validated Daniel Tudor, Mircea Ursache and Ion Giurescu have been validated.
The authority will be completed with Dorina Mihăilescu, Gheorghe Marcu, Gavrilă Alexe, Gheorghe Albu, Lorand-Istvan Kralik, Marian Mîrzac, Marian Sârbu, Cornel Moldoveanu, Tudor Baltă, Doru Frunzulică, Nina Puiu and Cornel Coca Constantinescu.
For the non-executive of the FSA 18 applications have been submitted. It would seem that political "careerism" has done its job once again, as some of the candidates have changed their political affiliation, depending on the number of positions in the FSA allocated to each political party.
* Ruşanu: "The non-banking market that the FSA will handle is worth 10-15 billion Euros"
Dan Radu Ruşanu yesterday said that the non-banking market that the Authority will handle is worth 10-15 billion Euros and this market can grow if the economy were to grow substantially.
When asked whether the FSA would cover a market that is worth 20 billion Euros, Ruşanu said that the figure is far too big.
"I think this number is too big. As you