Banks would like to become a part of the process of authorisation of the spending of European funds and have proposed a legislative framework, the Romanian Banks Association (ARB) having initiated a project two years ago, which is under discussion with Finance Ministry and BNR specialists, ARB President Radu Ghetea said on Friday, according to Mediafax.
He noted that ARB had set up a specialised commission to also receive specialists from the Ministry of Finance and National Bank of Romania, with the intention of also attracting members of the Budget-Finance Committee in Parliament. ‘The intention is to set up a framework, we don’t want to make all banks join in. Who wants to may join, in order to be a part of the phases preceding the actual financing’, Ghetea also said. The banks would also like to be able to issue bonds against mortgages they hold, associated with mortgage loans in order to have additional financing sources, ARV also having a project for that. In what regards the insolvency of natural persons, the president of ARB noted that the banks were not against the personal bankruptcy law, but want a draft hat that should be ‘as professional as possible’, free from certain nuances of populism that have occurred in the various projects presented so far. The head of the banks association says the level of distrust in the banking system among customers is still above what should be normal. ‘The banks should have no more abusive clauses because they were made remove them by September 21, 2010, although the normative act was subsequently changed by the Parliament’, Ghetea explained.