The imposing and implementation of the above minimal norms related to authorizing, regulation and supervision of this market as part of non banking financial market will bring confidence in the financial system in Romania, especially to the non banking leasing companies, both for the foreign investors and for all types of clients which are direct consumers of these products.
Banking Leasing Association supports the need for implementing of a minimal authorization, regulating an supervision authority in order to offer the minimal protection to its clients against fraud that may occur within vulnerable zone of business that are not sufficiently protected from legal point of view. These kind of negative experiences hit directly into the population’s confidence in the product itself and in the healthy development of this segment of market and show a more reactive than prudential reaction of the authorities. It proved, one more time, that it shouldn’t be waited for a bad experience for implementing the above mentioned proposals of ALB.
