Autoritatea de Supraveghere Financiară – Romania

The Romanian Financial Supervisory Authority (ASF or FSA) regulates and supervises the insurance, private pension, and capital markets in Romania. Established as an autonomous, specialized, independent, and self-financed administrative authority, ASF aims to ensure the stability and integrity of Romania’s financial markets.

Key Functions and Responsibilities

• Regulatory Supervision: ASF oversees the functioning of the non-bank financial markets, including insurance, capital markets, and private pensions.
• Market Integrity and Consumer Protection: The authority ensures that market participants adhere to legal standards, protecting consumers and contributing to the transparency and fairness of the financial markets.
• Financial Stability: ASF plays a crucial role in maintaining financial stability by managing systemic risks and implementing macroprudential policies.