The Romanian Financial Supervisory Authority (Ro:Autoritatea de Supraveghere Financiară (ASF)) is a national Romanian governmental agency responsible for financial regulation in Romania. Its mandate is to regulate, supervise, and control nonbank markets in Romania.
The ASF is run by a council of nine members with five of the nine in executive positions: these consist of a president, a head vice president, and three vice presidents for sectors: insurance-reinsurance, capital markets and private pensions.
History edit
The Authority was founded on April 26, 2013 through the merger of three prior regulatory bodies that had covered the same area of responsibility - the CSA, CNVM, and CSSP.
The ASF is placed under the control of the Romanian Parliament. It has three areas of activity, insurance-reinsurance, capital markets, and private pensions.