Romania's central bank calls for clarification over record bank collusion fines
Romania's central bank has called on the Competition Council to clarify the grounds for its record fines against the country's ten largest banks, warning that ambiguous public statements could fuel confusion and create risks for financial…
iulian ernst · Journalist
· Updated · 2 min read
Romania's central bank has called on the Competition Council to clarify the grounds for its record fines against the country's ten largest banks, warning that ambiguous public statements could fuel confusion and create risks for financial stability.
In a statement issued after the Competition Council imposed penalties totalling RON 3.73 billion (EUR 710 million) over alleged collusion in the fixing of ROBOR interbank rates, the National Bank of Romania (BNR) said additional explanations were necessary.
