Dialogue between ASF and the Swiss financial sector on opportunities in the private pension market in Romania

Bucharest, 9 July 2025 – The President of the Financial Supervisory Authority, Mr. Alexandru Petrescu, met today, in the presence of His Excellency Mr. Massimo Baggi, Ambassador of the Swiss Confederation to Romania, with Mr. Adrian Schatzmann, General Manager of the Asset Management Association of Switzerland, and Mr. Michel Bossong, CFA, Senior Counsel within the association.

Discussions focused on analysing the evolution of the private pension system in Romania and the prospects for the local market, against a backdrop of recent changes in legislation in this area. These regulations have brought new challenges, but also significant opportunities for investors, and the presence of representatives from the Swiss asset management sector highlights their increased interest in developments on the Romanian market.

"We had an extremely constructive discussion with our guests. The private pension system in Romania was one of the key topics, and recent legislative changes have opened up new perspectives for investors and regulators alike. We are open and eager to work with international organisations and all stakeholders to ensure appropriate and stable regulation that supports the development of the private pension market," said Mr. Alexandru Petrescu, the ASF President.

În cadrul discuțiilor a fost subliniat faptul că reglementările locale oferă un cadru stabil și transparent pentru investițiile în piața pensiilor private. În acest sens, autoritățile române își reafirmă angajamentul de a sprijini dezvoltarea pieței financiare, asigurându-se că schimbările legislative recente sunt în concordanță cu standardele europene, astfel încât să sprijine atât protecția investitorilor, cât și creșterea sustenabilă a economiei românești. During the discussions, it was emphasised that local regulations provide a stable and transparent framework for investment in the private pension market. In this regard, the Romanian authorities reaffirm their commitment to supporting the development of the financial market, ensuring that recent legislative changes are in line with European standards, so as to support both investor protection and the sustainable growth of the Romanian economy.

During the meeting, the Swiss guests emphasized the importance of clear and transparent regulations in the pension sector, as well as opportunities to strengthen ties between the Romanian and international markets. It was also agreed that the Romanian authorities would continue the dialogue, including at technical level, to ensure a favorable environment for investment in the local market.

The Financial Supervisory Authority reaffirmed its commitment to supporting the development of the private pension market in Romania and emphasized the importance of continued cooperation with international organizations and all relevant industry stakeholders.