01964cas a2200241 a 4500 AALejournalIMF022066 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484361962 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Romania : Financial Sector Assessment Program-Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (253 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 paper discusses findings of the Detailed Assessment of Observance of the Basel Core Principles (BCP) for Effective Banking Supervision in Romania. The supervisory approach of the National Bank of Romania (NBR) has been changing toward a more risk based approach since the previous BCP assessment, but more needs to be done. Further development of the NBR's supervisory approach will make supervision more effective and in line with the requirements of the 2012 BCP. The NBR may need to devote more supervisory attention to banks' risk models and building up further expertise in specialized areas such as information technology and market risk. In the area of corrective actions and sanctions, the NBR should review its framework to ensure it is protected from undue legal challenges. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2018/171 Full text available on IMF http://elibrary.imf.org/view/journals/002/2018/171/002.2018.issue-171-en.xml IMF e-Library