Schoppman gives the example of Hungary, which asked for a loan from the IMF, due to rather high deficits and inflation, which gave it an advantage in the current international context and in the rating situation.
Regarding the Romanian banking system, Schoppman believes a higher number of Romanian banks would give the country an edge, considering most banks belong to foreign groups, which are facing problems, due to the international financial crisis.
“Romania has to obey the rules imposed by the European Union, considering the fact that the country committed to do so when it joined the EU, and the large number of banks with foreign capital operating on the local market,” Schoppman added.
The European Commission is presently analyzing new regulations regarding the capitalization and exposure requirements of banks, the possibility of raising the deposit guarantee ceiling to €100,000 in all EU countries, eliminating the coinsurance of assets, and a higher transparency of rating agencies, said Schoppman.
