AAFBR Annual Conference 2018

On November 14, 2018, the AAFBR Annual Conference took place, celebrating 10 years of its activity!

In this 10th Anniversary year AAFBR developed a commemorative reference paper dedicated to Romania and its local business environment, under the title “Romania after 10 years. Achievements, failures, economic prospects”. Thus, 31 members of the AAFBR, under the guidance of the 10 project leaders, analysed the evolution of the ten main segments of the economy at macroeconomic and microeconomic level in the last decade. The key conclusions of each chapter were presented by each coordinator at the conference.

In the introduction of the book, the governor of the National Bank of Romania - Acad. MugurIsarescu addressed us a few words:

"... I think that today, decisive are three coordinates: the quality information, fairly and continuously produced; public communication in rational forms, in the subject, as well as the coherent vision that ideas are used in concrete projects. Under these circumstances, the voice of financial and banking analysts may and must be a serious one, not only in the financial and banking landscape, but also in terms of economic developments and macroeconomic policies in Romania ... Your expertise is also important for identifying solutions and designing a sustainable development strategy as well as achieving the necessary junction between the university environment and public or private entities that need younger and better educated people and continuous improvement ... I wish you success in all the activity that do it! It brings plus-value, pertinent analysis and balance of debate on important and sensitive issues, specific to the economic and financial field, but also to the Romanian and global economy in general."

The 10 chapters covered are:

1. Fiscal-budgetary policy and its role in Romania economic growth
2. Evolution of the Romanian capital market and perspectives
3. The balance sheet of the private pension system in Romania after 10 years
4. Monetary policy - the paradigm of EURO adoption
5. Opportunities and Challenges in the Business Environment
6. Regulations in the banking system in Romania
7. Exchange rate - between fundamentals and volatility regimes
8. Financial intermediation and credit risk
9. The investment funds or the long way of the Romanians to buy
10. Insurance in Romania for the past 10 years - a conservative business, evolving

Since its founding, AAFBR has set out to present a professional point of view regarding the prospects of the Romanian economy through financial conferences, press releases and internal surveys among members and opinions expressed in the Romanian media. AAFBR thus wants to provide useful tools to all companies interested in macroeconomic developments in internal asset and liability management processes, analysts who want a landmark for their own estimates, the press that identifies economic challenges and to the academic environment that is focused on scientific research. Another component of the AAFBR strategy is the educational one, offering two certifications recognized internationally, CEFA and CIIA.