1991 |
- RAB became correspondent member of the European Banking Federation;
- Romanian Banking Institute was established;
- RAB took part to the drawing up of the first Banking Law;
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1992 |
- first Romanian banks connected to SWIFT;
- first credit cards were introduced and the cards market was created;
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1994 |
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1996 |
- Bank Deposit Guarantee Fund was set up;
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1997 |
- Payment Incidents Register was established;
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1998 |
- RAB took part to the reviewing of the Banking Law;
- RAB became an associate member of the European Banking Federation;
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1999 |
- National Office for Preventing and Combating Money Laundering was set up;
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2000 |
- Central Credit Register was set up;
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2001 |
- TransFonD was established;
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2004 |
- Credit Bureau was set up;
- IBAN codes were introduced in Romania;
- RAB became a member of the Interbalkan Forum of Banking Associations;
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2005 |
- The Electronic Payment System was set up;
- RAB was involved in the national currency redenomination process;
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2007 |
- RAB became full member of the European Banking Federation;
- the system for credit institutions’ reporting to the NBR – SIRBNR went live;
- new provisions for the Uniform Customs and Practices regulating documentary credits – UCP 600 of ICC Paris were enforced;
- RAB became a member of the European Payments Council and kicked off the SEPA project in Romania;
- RAB became the support organisation for credit institutions of Romania adhering to the SEPA Schemes;
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2008 |
- the provisions of the new Basel II Capital Accord were implemented;
- the convention for the interbank settlement of debit instruments was drawn up;
- the electronic settlement system became operational for debit payment instruments – cheques, bills of exchange, promissory notes;
- the first banks of Romania adhered to the SEPA Credit Transfer Scheme;
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2009 |
- the Banking Ethics Code was drawn up and adopted across the Romanian banking system;
- RAB became full member of the European Mortgage Federation;
- RAB became a member of the European SWIFT Alliance;
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2010 |
- the Common Rules for account switching issued by the European Banking Industry Committee (EBIC) were adopted by the Romanian banking community;
- the setting up of the entity with duties in mediation in the financial and banking sector was supported;
- the new international rules governing the matter of bank letters of guarantee -Publication ICC Paris 758 were applied;
- the first banks in Romania adhered to the SEPA Direct Debit scheme;
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2011 |
- a national campaign for financial education was carried out with the support of the Romanian Television, the audience reached in 2012 at national level standing at half a million watchers per filler;
- the coordinated enforcement of the provisions of the ANPC order no. 164/2011 on some measures to inform consumers, conducted by financial, banking and non-bank financial institutions;
- the new international INCOTERMS rules were applied;
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2012 |
- the International Financial Reporting Standards were implemented, including the underlying Fiscal Code amendments and the correlation with NBR’s prudential policy;
- the self-regulatory framework for lei payments was devised;
- the SEPA Credit Transfer Scheme RON and the TransFonD SENT SEPA RON system were launched.
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2013 |
- providing the technical, organizational and logistic conditions to implement the new Basel III Capital Accord – CRD4;
- modernizing the new versions of the lei SEPA Credit Transfer Scheme and preparing to adopt the RON SDD Scheme;
- contribution to aligning the legal and institutional framework to allow for the issuance of covered bonds;
- the national campaign for financial education for SMEs was launched.
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2014 |
- Amending and finalising the Insolvency Law;
- Providing the technical, organizational and logistic conditions to fully implement the new Basel III Capital Accord – CRD4;
- The governance of the National Payment Schemes via the Scheme Management Committee set up in the RAB;
- Devising an index system called the Banking Sector Barometer;
- Finalizing the collaboration Protocol RAB – NAFA for the access of credit institutions to NAFA’s data base in order to check the authenticity of documents that prove the revenues of loan applicants.
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