Highlights

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;
1992	first Romanian banks connected to SWIFT; first credit cards were introduced and the cards market was created;
1994	ROMCARD was set up;
1996	Bank Deposit Guarantee Fund was set up;
1997	Payment Incidents Register was established;
1998	RAB took part to the reviewing of the Banking Law; RAB became an associate member of the European Banking Federation;
1999	National Office for Preventing and Combating Money Laundering was set up;
2000	Central Credit Register was set up;
2001	TransFonD was established;
2004	Credit Bureau was set up; IBAN codes were introduced in Romania; RAB became a member of the Interbalkan Forum of Banking Associations;
2005	The Electronic Payment System was set up; RAB was involved in the national currency redenomination process;
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;
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;
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;
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;
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;
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.
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.
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.