Romania's Financial Supervisory Authority triples its surplus in the first half

Romania’s Financial Supervisory Authority (ASF) reached a surplus of EUR 5.22 million in the first half of the year, up by 214% year-on-year. Its revenues amounted to EUR 18.4 million between January and June this year, up by 6.7% compared to the same period last year. The revenues from the capital market dropped by 21% year-on-year, amounting to less than 31% of its total revenues. This was due to the cut in trading fees on the capital market and lower trading volumes. The average fee received by ASF from the share transactions was below 50% of the average trading fee recorded in the same period last year. The insurance sector generated higher revenues for ASF, reaching 44% of the institution’s total revenues. Private pension sectors contributed 24% to the total revenues. Romania’s Financial Supervisory Authority ends year with surplus editor@romania-insider.com