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Press briefing ASF

In view of the recently published information in the media, the Financial Supervisory Authority (ASF) makes the following comments:

The Authority did not grant any kind of mandate to Mr. Cristian Muntean, advisor within the ASF, to represent the institution within the meeting he has attended, in Bulgaria, with the representatives of the Eurohold group, which Euroins Romania Asigurare - Reasigurare SA is a member thereof.

The ASF definitely denies that Mr. Cristian Muntean had, even informally, the consent of the institution's management to send a message to the representatives of Eurohold. The ASF's relations with the supervised entities take place only within the institutional framework. 

The ASF does not endorse such steps, which harm the reputation and prestige of the institution. Such actions may call into question how situations arising in the insurance market are solved, other than through a transparent dialogue, involving all stakeholders.

 

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About ASF

ASF is the national authority set up in 2013 through OUG 93/2012 approved by Law 113/2013, for the regulation and supervision of insurance markets, private pensions and the capital market. ASF contributes to strengthening the integrated operating framework of the three sectors, which amounts over 10 million participants. More information can be found at www.asfromania.ro.