01932cas a2200241 a 4500 AALejournalIMF018548 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484360743 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Romania : Financial Sector Assessment Program-Technical Note-Crisis Preparedness and Safety Net. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (27 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Technical Note assesses the state of crisis preparedness and safety net in Romania. The bank resolution and crisis management toolkit has been significantly revamped since the last Financial Sector Assessment Program. The implementation of the Bank Resolution and Recovery Directive in Romania enhanced the National Bank of Romania's (NBR) powers to deal with failing banks, while the Bank Deposit Guarantee Fund gained greater involvement in these processes. The NBR has been charged with new responsibilities that flow from its ongoing role as supervisory and resolution authority, namely the enforcement and analysis of recovery planning requirements and the preparation of resolution plans. Some elements needed for the effectiveness to the crisis management framework are still work-in-progress. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2018/165 Full text available on IMF http://elibrary.imf.org/view/journals/002/2018/165/002.2018.issue-165-en.xml IMF e-Library