ECONOMY FINANCE&BANKING POLITICS

BNR representatives decline invitation to Senate debate: Meeting with Finance Ministry is needed first. The framework for the so-called discussion prepared by Senator Zamfir didn’t show a parliamentary representativeness

The National Bank of Romania (BNR) announced on Tuesday that it will not take part in the Senate Economic Committee’s debate scheduled on Tuesday, a meeting with the Finance Ministry’s representatives being needed first.

The BNR leadership had been invited to take part in talks within the Senate Economic Committee, regarding the way the ROBOR is formed.

The ROBOR (Romanian Interbank Offer Rate) is the average interest rate at which Romanian banking institutions lend each other and its evolution has to do mainly with the market’s liquidity level.

“The BNR will not take part in the debate within the Senate Economic Committee today because a meeting with the Finance Ministry, within the framework of the National Committee for Macroprudential Oversight, is needed first, just as adviser Valcov also stated last evening,” BNR Spokesperson Dan Suciu stated on Tuesday.

He underscored that the BNR is open to dialogue but considers that “a more appropriate framework for this meeting can be found, other than the one created by Mr Zamfir, one that would not start off from a series of fake news launched without proof.”

 

BNR explains why it didn’t participate in the discussions from the Parliament: The framework for the so-called discussion prepared by Senator Zamfir didn’t show a parliamentary representativeness

 

National Bank of Romania (BNR) didn’t participate on Tuesday in the discussions held in the Parliament, because there was a framework for the “so-called discussion”, prepared by the ALDE Senator Daniel Zamfir, which didn’t show a parliamentary representativeness, according to the announcement made on Tuesday by the BNR spokesman Dan Suciu.

BNR announced that it will not participate in the discussion from the Senate’s Economic Committee, scheduled for Tuesday. BNR Spokesman Dan Suciu said the invitation was refused because there was a framework for the “so-called discussion”, prepared by Zamfir, without having a parliamentary representativeness.

“The BNR Board of Directors was appointed by the Parliament by the vote of the plenum, and consequently, a discussion can be held in Parliament with the representation and the agreement of all the political forces, with the involvement of the Finance-Banking Committees. The framework for the so-called discussion prepared by Senator Zamfir didn’t show a parliamentary representativeness, since another Senator has challenged the invitation sent to BNR. It was the initiative of a politician who, unfortunately, relies on a series of fake problems such as manipulation of interests, which is still not proved, and not an honest invitation to have a discussion”, Suciu announced.

Thus, in this context, a clarifying discussion would have been impossible and would have brought confusion, rather than clarifications, Suciu said.

A week ago, Senator Daniel Zamfir (ALDE) claimed that the ROBOR index is “fixed” through an agreement among commercial banks, with BNR’s involvement, and announced that the Governor of the National Bank and the head of the Competition Council will be heard by the Senate Economic Committee starting on January 29.

In reply, Dan Suciu stated for Digi24 that the statements made by the ALDE Senator are “a long line of confusions, mistakes and poor interpretations,” stating that the senator has problems understanding the market.

 

After BNR Governor, Competition Council President to skip hearings in Parliament

 

Senator Daniel Zamfir (ALDE) has announced that Competition Council President Bogdan Chiritoiu will not take part in the hearings scheduled on Wednesday.

“You will see tomorrow why Mr Bogdan Chiritoiu, President of the Competition Council, will not show up at the meeting tomorrow. (…) Yesterday I received a note informing me that his schedule does not allow him to do so,” Senator Daniel Zamfir (ALDE), Chairman of the Senate Economic Committee, stated during a press opportunity on Tuesday.

In his capacity as committee chairman, he had invited National Bank of Romania Governor Mugur Isarescu and Competition Council President Bogdan Chiritoiu to take part in hearings.

 

Read also:

BNR Governor invited to Senate’s economic committee. Suciu: Before the Governor goes before the committees, Zamfir should answer abuse of office accusation. BNR representatives not to attend Senate’s Economic Committee discussion

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