Description
Lending against warrants-deposit certificates on cereals has the potential to increase commercial banks' credit to agriculture, according to bankers and policy analysts. Under the current legal framework in place, no such instruments have been issued up to now. In order to have a reliable and functional financing mechanism based on warrants-deposit certificates, the legal framework needs to be clarified and strengthened. While primary regulation is already in place, extensive work is still needed on "secondary" regulation (legal and technical implementation documents, etc.).
Impact Drivers
Economics
The value of cereals that can be warehoused is about EUR 900 million annually.
SPI Committee Involvement
To facilitate a coordinated approach among the main stakeholders, whose involvement will be required to achieve a workable regulatory framework on a challenging issue both financially and politically.
Management
Radu Negrea
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Project Owner (PO) , General Secretary Romanian Banking Association
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Claudiu Nicula
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Project Manager (PM), Director Raiffeisen Bank
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Aurica Stoica
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Deputy Project Manager (DPM), Advisor to Minister Ministry of Agriculture
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Les Clarke
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Project Technical Anchor, Consultant Convergence Program
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Members |
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Veronica Toncea
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President, Rural Credit Guarantee Fund
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Dina Ilie
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Expert, National Bank of Romania
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Silviu Ioan
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Director, Romanian Credit Guarantee Fund
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Vasile Coman
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Director, National Loan Guarantee Fund for SMEs
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Alexandru Sorescu
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Romanian Stock Exchange
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Mihai Perju
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Director, Romanian Stock Exchange
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Dumitru Sandulescu
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Romanian Stock Exchange
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Viorel Marin
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National Grading Commission
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Adrian Radulescu
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President, Agricultural Producers Association
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Terms of Reference
Regulatory Impact Assessment
SPI Committee Documents
Technical Documents
Project Working Group Meetings
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