"The elaboration of a national strategy for the capital market is one of the ongoing projects that aims to strengthen the measures taken by the Financial Supervisory Authority to strengthen the supervisory function, but also to ensure a unitary general framework in the capital market sector.
Our financial system is cross-border and is connected to the European one, first of all, and to the global one, secondly. Therefore, global developments influence, by spreading the contagion, both the local financial market and the real economy ", said Valentin Ionescu, director of the Strategy and Financial Stability Department of the Financial Supervisory Authority and President of the Institute of Financial Studies.
He said: "The risk approach has evolved, becoming more and more complex, taking into account both macro risks (top-down approach) and micro risks (bottom-up approach), going as far as emerging risks related to climate change and, more recently, pandemic risks. "
You can watch the whole interview here: Valentin Ionescu, Capital Market Forum, 3rd edition
