Committees and working groups

The Insurance Commission debates issues related to operations specific to insurance distribution, as well as domestic and international regulations in the field.

The Legal Commission analyses and identifies solutions for the legal issues which concern the banking community, the legal and normative framework, bringing its contribution to aligning national banking legislation with the relevant European directives.

The Lei Operations and Settlements Commission analyses the matters specific to settlement operations in the national currency (Credit Transfers, Direct Debits and debit instruments) and contributes to the amending and updating of specific regulations, including in self-regulatory processes.
The Documentary Operations Commission deals with international settlement.
The Taxation Commission analyses taxation issues with direct impact upon the financial results of credit institutions and initiates proposals to amend and supplement fiscal legislation.
The Lending Commission debates on the specific issues facing this sector and contributes to improving the regulations relevant to lending and its ancillary business.
The non-performing loans recovery commission debates the specific problems faced by this sector of activity and contributes to perfecting the regulations in the segment of bank debt recovery.
The Compliance Commission has as main goal to consolidate the compliance function, to systematically adapt internal norms to the regulations in the field and to continue consultations with authorities having duties in the field of regulating, supervising and controlling.
The Accounting Commission has as main target preparing the banking sector for the implementation of International Financial Reporting Standards (IFRS) and deals with adapting and supplementing the legislation in the field of accounting, in line with European legislation.

The Card Operations Commission analyses the regulatory framework and practical, daily issues as regards card operations, monitors harmonisation with European standards of card operations and has been concerned with identifying common solutions to prevent and curb fraud in card operations, considering that it has been going up lately.

The Commission for the SEPA Project was founded in March 2007, to analyze and debate the problems related with the SEPA – Single Euro Payments Area – project, managed by the European Payments Council, whose member is the Romanian Association of Banks. The SEPA Commission is a consultative body set up by the RAB to implement the unique area for euro payments – Single Euro Payments Area SEPA – a project deployed by the European payment industry in order to harmonize and restructure national payment markets, by implementing new technical standards and common rules for payments’ processing.

The Cash commissionanalyses and solves issues pertaining to cash operations in the relationship with the National Bank of Romania and with other credit institutions.
The IT&C Security Commission has as goals to analyse and find common solutions to the IT&C security problems which occur in the everyday business of credit institutions and to define a common practice across the banking sector in preventing and solving these issues.
The SWIFT User Group analyses the technical and operational issues of the SWIFT community, monitors the stages of the projects rolled out by the SWIFT community and organizes, periodically, training sessions with the participation of SWIFT experts.
The Banking Security Commission is concerned with the physical security of credit institutions, the meetings of its members constituting an ongoing exchange of experience regarding banks’ protection, by organizing specialization training courses for the people in charge with the security of commercial banks.
The Anti-Fraud Commission has as main goal to establish common policies and practices regarding the issues related to preventing and combating banking fraud in order to mitigate its impact upon banks.
The Commission for Public Relations proposes action under the RAB aegis which presents the activities of the banking community and works to consolidate the image and reputation of the Romanian banking sector, by promoting projects of sector or even national interest, and action with view to enhance customers’ financial and banking education.
The Human Resources Commission proposes updating the jobs specific to the banking industry in the Classification of Jobs in Romania (CJR) and collaborates in the drawing up of occupational standards, analysing issues pertaining to training the labour force.
The Mortgage Lending Commission contributes to aligning the national banking legislation with the European relevant Directives and solves the issues specific to this field, including by directly attending the activity of specialised commissions of the European Mortgage Federation.
The Internal Audit Commission debates upon the issues facing banks regarding internal audit, aspects related to the internal and international regulations in the field, the opportunities for training and certifying the internal auditor position.
The risk Commission was set up to address issues related to the management of all types of risk in the banking business and the possible vulnerabilities of the financial system. This Commission also took over the issue of the former Basel III Commission.
The SIRBNR Reporting Commision has had an active contribution in the analysis stage of the reporting-to-NBR system, via proposals regarding eliminating redundancies and the lack of correlation existing in the old system, as well as proposals and remarks concerning the ratios’ cards, the metadata cards and the reporting cards for the new system.
The Capital Markets and Treasury Commission debates matters related to operations specific to this market as well as internal and international regulations in the field.

The European funds Commission intends – by turning to account the expertise acquired to date as regards project management – to provide efficient communication with the authorities involved in the operational management of programmes benefiting from EU funds.

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