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Project
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Objective
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Main Drivers
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Endorsement
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Implementation
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BUSINESS DEVELOPMENT
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Loan Loss and Mortgage Loan servicing database
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Building a set of recommendations regarding achieving a consensus,technical and practical steps (including the developing and 'governance' of the database) that the banking system should follow in order to establish the database.
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Public: Improved consumer access to mortgage loans
Private: Reduction in banks' capital requirements.
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April 2008
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Increasing bank lending under PPPs
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To prepare a document underlining the main provisions of the regulations on PPPs, providing clarifying details on the interpretation of the legal provisions and the identified solutions for a better legal and institutional framework in order to facilitate lending under PPPs.
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Public: The results of an increased banks' involvement in financing PPPs would facilitate the accomplishment of a better infrastructure and would also contribute to the improvement in the absorption rate for structural funds.
Private: Lending under PPP represents an important business opportunity for banks.
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July 2008
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Co-financing with EU structural funds
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To prepare a document presenting legal framework and the proposed solutions for facilitating structural funds absorption, based on a comprehensive assessment of the roadblocks perceived by the users and co-financing institutions.
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Public: Increasing the absorption rate for structural funds and boost economic development.
Private: Co-financing with structural funds is a high potential business for the Romanian banking sector.
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September 2008
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Modernizing Tbills regulatory framework
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To prepare a document presenting the necessary regulatory amendments and their impact on the industry and authorities.
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Public: MEF would benefit of the industry's input on the regulatory framework. At the same time, the decrease in the compliance costs could generate more taxable income.
Private: Banks and other capital market players could be involved in the process of revising the existing regulatory framework and in improving it; thus compliance costs could be decreased.
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September 2008
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Developing T-bills OTC market
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A document recommending the technical platform that would optimize the costs-benefits ratio.
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Public: State budget could benefit of an increased income due to the growth of the transactions volume and of the efficiency.
Private: Developing a common platform for Tbills transactions on the secondary market would allow an increase in the volume of transactions and in the transparency and efficiency of the market.
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September 2008
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INDUSTRY COMPETITIVENESS
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The Banks' future contributions to RDGF
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Set-up of a proposal for calculating credit institutions' contributions at RDGF.
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Public: Potential reduction of products and banking service costs as consequence of the eventual reduction in contributions of the banks to RDGF.
Private: Potential reduction of credit institutions' contributions at RDGF shall determine the release of some cash that might be used in business development.
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September 2008
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Reducing the paper-based documents
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A document identifying all areas where paper usage could be diminished and the necessary regulatory amendments.
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Public: Positive influence on financial banking sector on medium and short term
Private: Reduce costs for banks and companies to trace and collect such documents
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December 2008
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Reviewing bad debts recovery procedures
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A document emphasizing the disadvantages brought by the existing situation and proposing the necessary law amendments
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Public: Consumers and state budget could benefit from the decrease in banks’ losses.
Private: By improving the regulatory framework for debt recovery, banks’ costs would diminish.
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July 2008
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INDUSTRY REPUTATION
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Enhancing financial consumer's protection and basic bank products information
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Support the organization of the event for presenting World Bank’s mission conclusions concerning consumer protection and education in the financial-banking products field.
A document containing the information concerning consumer information standards regarding basic bank products and services |
Public: Better information could enable consumers to make better choices.
Private: Standard information to customers could decrease banks’ costs with solving unsatisfied clients’ complaints and could enhance competition.
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July 2008-1st half
December 2008- 2nd half
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Bank Ethics Code
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A project of banks ethic code
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Public: The Code of Conduct would be a very useful tool for consumer education and would enhance the consumer position in relation with the industry.
Private: The existence of a Code of Conduct would enhance the industry reputation and would be a benchmark for improving the quality of the bank service.
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December 2008
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