Facebook LinkedIn

Appointment of the members of the Board of Directors of the Policyholder Guarantee Fund

Bucharest, 27th of August, 2020 – the Council of the Financial Supervisory Authority had designated, within the meeting dated August 26th,2020, the three members appointed by the Authority within the Board of Directors of the Policyholder Guarantee Fund (Ro. FGA).

Following the completion of the selection process of the candidates, there have been appointed, for a mandate of five years, Mrs. Carmen Daniela Radu in the capacity of member and Chairman of the Board of Directors of FGA and Mr. Nicolae Istudor and Mr. Mihai Păunică in the capacity of members of the Board of Directors.  

The three members of the Board of Directors of FGA are going to exercise their mandates starting August 27th, 2020.  

As per the law, the Board of Directors of the Policyholder Guarantee Fund is made up of five members, of whom two are being appointed by the Ministry of Public Finances and three by the Financial Supervisory Authority, among which is being also elected the Chairman of the Board of Directors.  

*********

About the Financial Supervisory Authority

The Financial Supervisory Authority is the national authority set up in 2013 by EGO no. 93/2012, approved by Law no. 113/2013, for the regulation and supervision of insurance markets, private pensions, as well as the capital market. ASF contributes to strengthening the integrated operating framework of the three sectors, which totals more than 10 million participants. More information can be found on www.asfromania.ro.