Romania : Diagnostic Review of Consumer Protection and Financial Literacy, Volume 2. Comparison against Good Practices
The diagnostic review on consumer protection and financial literacy in Romania is the fourth in a World Bank-sponsored pilot program to assess consumer protection and financial literacy in developing and middle-income countries. The objective of th...
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| Format: | Policy Note |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2009/07/16366794/romania-diagnostic-review-consumer-protection-financial-literacy-vol-2-2-comparison-against-good-practices http://hdl.handle.net/10986/12916 |
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okr-10986-12916 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO EDUCATION ACCOUNTING ADULT LITERACY ADULT POPULATION AGE GROUP AGRICULTURAL EMPLOYMENT AGRICULTURAL PRODUCTIVITY AGRICULTURAL PRODUCTS AGRICULTURAL SECTOR AGRICULTURAL WAGE AGRICULTURAL WORKERS BASIC EDUCATION CASH CROPS CHILD LABOR CHILD MORTALITY CHILD MORTALITY RATE COMPARABILITY ISSUES COST EFFECTIVENESS CRISES CROWDING OUT DEMOGRAPHIC PRESSURES DEPENDENCY RATIOS DEVELOPING COUNTRIES DISCRIMINATION DROUGHT EARNING EARNINGS GROWTH EARNINGS INEQUALITY ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC VOLATILITY EDUCATION SYSTEMS EMPLOYMENT EMPLOYMENT CREATION EMPLOYMENT DYNAMICS EMPLOYMENT GROWTH EMPLOYMENT INCREASE EQUAL ACCESS EXPORT PROCESSING ZONES EXTREME POVERTY FAMILY LABOR FAMILY PLANNING FARM ACTIVITIES FARM ACTIVITY FARM INCOME FINANCIAL MARKETS FIRM GROWTH FIRM SIZE FOOD CONSUMPTION FOOD INSECURITY FOOD SECURITY FOREIGN DIRECT INVESTMENT FORMAL EDUCATION FULL EMPLOYMENT GENDER DIFFERENCES GENDER DISPARITIES GENDER GAP GENDER ISSUES GREEN REVOLUTION HIGH EMPLOYMENT HIGH POPULATION GROWTH HOUSEHOLD ENTERPRISES HOUSEHOLD INCOME HOUSEHOLD NEEDS HOUSEHOLD POVERTY HOUSEHOLD SURVEYS HOUSEHOLD VULNERABILITY HUMAN CAPITAL HUMAN DEVELOPMENT IMMIGRANTS IMPACT ON POVERTY INCOME INSECURITY INCOME SECURITY INCOME SUPPORT INEXPERIENCED WORKERS INFORMAL SECTOR INSURANCE JOB CREATION JOB MARKET JOB OPPORTUNITIES JOBS KNOWLEDGE BASE LABOR DEMAND LABOR EARNING LABOR FORCE LABOR LAWS LABOR MARKET LABOR MARKET ARRANGEMENTS LABOR MARKET CONDITIONS LABOR MARKET INDICATORS LABOR MARKET INSTITUTIONS LABOR MARKET OUTCOMES LABOR MARKET POLICIES LABOR MARKET REGULATIONS LABOR MARKETS LABOR MOBILITY LABOR PRODUCTIVITY LABOR REGULATIONS LABOR RESOURCES LABOR SUPPLY LABOUR LABOUR MARKET LACK OF INFORMATION LACK OF SKILLS LARGE CITIES LEVEL OF EDUCATION LEVELS OF EDUCATION LIFE EXPECTANCY LIVING STANDARDS LOW UNEMPLOYMENT LOW UNEMPLOYMENT RATES MACROECONOMIC STABILITY MALNUTRITION MANPOWER MARKET WAGES MINIMUM WAGE MINIMUM WAGES MODERATE UNEMPLOYMENT MORTALITY NATIONAL POVERTY NATIONAL POVERTY LINE NATURAL RESOURCES NET JOB CREATION NON-FARM SECTOR OCCUPATION OCCUPATIONS OPEN UNEMPLOYMENT OUTPUTS PAYING JOBS PERMANENT JOBS POOR ADULTS POOR CHILDREN POOR HOUSEHOLDS POPULATION ESTIMATES POPULATION INCREASE POST SECONDARY EDUCATION POVERTY IMPACT POVERTY LEVELS POVERTY MAPPING POVERTY RATES POVERTY REDUCTION POVERTY REDUCTION STRATEGIES POVERTY REDUCTION STRATEGY POVERTY RISK PRIMARY EDUCATION PRIMARY LEVEL PRIVATE SECTOR PRIVATE SECTOR WORKERS PRODUCTIVE EMPLOYMENT PRODUCTIVE SECTOR PRODUCTIVITY GROWTH PRODUCTIVITY LEVELS PROGRESS PROTECTING WORKERS PUBLIC SECTOR JOBS PUBLIC WORK PUBLIC WORKS PUBLIC WORKS PROGRAMS RURAL RURAL AREAS RURAL DEVELOPMENT RURAL ECONOMY RURAL FAMILIES RURAL HOUSEHOLDS RURAL INCOMES RURAL LABOR RURAL LABOR MARKETS RURAL POOR RURAL POPULATION RURAL POVERTY RURAL SECTOR RURAL WORKERS SAFETY SAFETY NET SAFETY NETS SALARIED WORKERS SAVINGS SCHOOL AGE SECONDARY LEVELS OF EDUCATION SELF EMPLOYED SELF EMPLOYMENT SERVICE SECTOR SIGNIFICANT POLICY SKILLS DEVELOPMENT SUBSISTENCE FARMING TARGETING TECHNICAL CAPACITY TERTIARY LEVELS TOTAL EMPLOYMENT TRAINING PROGRAMS TRANSPORTATION UNEMPLOYED UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES UNIVERSITY EDUCATION UNPAID FAMILY WORKERS UNSKILLED LABOR URBAN AGGLOMERATIONS URBAN AREAS URBAN CENTERS URBAN MIGRATION URBAN POPULATION URBAN POPULATION GROWTH URBAN POVERTY URBAN WORKERS VOCATIONAL TRAINING VULNERABILITY VULNERABLE GROUPS WAGE GAP WAGE SECTOR WORK FORCE WORKER WORKERS WORKING POOR WORKING POPULATION YOUNG POPULATIONS YOUNG WORKERS |
| spellingShingle |
ACCESS TO EDUCATION ACCOUNTING ADULT LITERACY ADULT POPULATION AGE GROUP AGRICULTURAL EMPLOYMENT AGRICULTURAL PRODUCTIVITY AGRICULTURAL PRODUCTS AGRICULTURAL SECTOR AGRICULTURAL WAGE AGRICULTURAL WORKERS BASIC EDUCATION CASH CROPS CHILD LABOR CHILD MORTALITY CHILD MORTALITY RATE COMPARABILITY ISSUES COST EFFECTIVENESS CRISES CROWDING OUT DEMOGRAPHIC PRESSURES DEPENDENCY RATIOS DEVELOPING COUNTRIES DISCRIMINATION DROUGHT EARNING EARNINGS GROWTH EARNINGS INEQUALITY ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC VOLATILITY EDUCATION SYSTEMS EMPLOYMENT EMPLOYMENT CREATION EMPLOYMENT DYNAMICS EMPLOYMENT GROWTH EMPLOYMENT INCREASE EQUAL ACCESS EXPORT PROCESSING ZONES EXTREME POVERTY FAMILY LABOR FAMILY PLANNING FARM ACTIVITIES FARM ACTIVITY FARM INCOME FINANCIAL MARKETS FIRM GROWTH FIRM SIZE FOOD CONSUMPTION FOOD INSECURITY FOOD SECURITY FOREIGN DIRECT INVESTMENT FORMAL EDUCATION FULL EMPLOYMENT GENDER DIFFERENCES GENDER DISPARITIES GENDER GAP GENDER ISSUES GREEN REVOLUTION HIGH EMPLOYMENT HIGH POPULATION GROWTH HOUSEHOLD ENTERPRISES HOUSEHOLD INCOME HOUSEHOLD NEEDS HOUSEHOLD POVERTY HOUSEHOLD SURVEYS HOUSEHOLD VULNERABILITY HUMAN CAPITAL HUMAN DEVELOPMENT IMMIGRANTS IMPACT ON POVERTY INCOME INSECURITY INCOME SECURITY INCOME SUPPORT INEXPERIENCED WORKERS INFORMAL SECTOR INSURANCE JOB CREATION JOB MARKET JOB OPPORTUNITIES JOBS KNOWLEDGE BASE LABOR DEMAND LABOR EARNING LABOR FORCE LABOR LAWS LABOR MARKET LABOR MARKET ARRANGEMENTS LABOR MARKET CONDITIONS LABOR MARKET INDICATORS LABOR MARKET INSTITUTIONS LABOR MARKET OUTCOMES LABOR MARKET POLICIES LABOR MARKET REGULATIONS LABOR MARKETS LABOR MOBILITY LABOR PRODUCTIVITY LABOR REGULATIONS LABOR RESOURCES LABOR SUPPLY LABOUR LABOUR MARKET LACK OF INFORMATION LACK OF SKILLS LARGE CITIES LEVEL OF EDUCATION LEVELS OF EDUCATION LIFE EXPECTANCY LIVING STANDARDS LOW UNEMPLOYMENT LOW UNEMPLOYMENT RATES MACROECONOMIC STABILITY MALNUTRITION MANPOWER MARKET WAGES MINIMUM WAGE MINIMUM WAGES MODERATE UNEMPLOYMENT MORTALITY NATIONAL POVERTY NATIONAL POVERTY LINE NATURAL RESOURCES NET JOB CREATION NON-FARM SECTOR OCCUPATION OCCUPATIONS OPEN UNEMPLOYMENT OUTPUTS PAYING JOBS PERMANENT JOBS POOR ADULTS POOR CHILDREN POOR HOUSEHOLDS POPULATION ESTIMATES POPULATION INCREASE POST SECONDARY EDUCATION POVERTY IMPACT POVERTY LEVELS POVERTY MAPPING POVERTY RATES POVERTY REDUCTION POVERTY REDUCTION STRATEGIES POVERTY REDUCTION STRATEGY POVERTY RISK PRIMARY EDUCATION PRIMARY LEVEL PRIVATE SECTOR PRIVATE SECTOR WORKERS PRODUCTIVE EMPLOYMENT PRODUCTIVE SECTOR PRODUCTIVITY GROWTH PRODUCTIVITY LEVELS PROGRESS PROTECTING WORKERS PUBLIC SECTOR JOBS PUBLIC WORK PUBLIC WORKS PUBLIC WORKS PROGRAMS RURAL RURAL AREAS RURAL DEVELOPMENT RURAL ECONOMY RURAL FAMILIES RURAL HOUSEHOLDS RURAL INCOMES RURAL LABOR RURAL LABOR MARKETS RURAL POOR RURAL POPULATION RURAL POVERTY RURAL SECTOR RURAL WORKERS SAFETY SAFETY NET SAFETY NETS SALARIED WORKERS SAVINGS SCHOOL AGE SECONDARY LEVELS OF EDUCATION SELF EMPLOYED SELF EMPLOYMENT SERVICE SECTOR SIGNIFICANT POLICY SKILLS DEVELOPMENT SUBSISTENCE FARMING TARGETING TECHNICAL CAPACITY TERTIARY LEVELS TOTAL EMPLOYMENT TRAINING PROGRAMS TRANSPORTATION UNEMPLOYED UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES UNIVERSITY EDUCATION UNPAID FAMILY WORKERS UNSKILLED LABOR URBAN AGGLOMERATIONS URBAN AREAS URBAN CENTERS URBAN MIGRATION URBAN POPULATION URBAN POPULATION GROWTH URBAN POVERTY URBAN WORKERS VOCATIONAL TRAINING VULNERABILITY VULNERABLE GROUPS WAGE GAP WAGE SECTOR WORK FORCE WORKER WORKERS WORKING POOR WORKING POPULATION YOUNG POPULATIONS YOUNG WORKERS World Bank Romania : Diagnostic Review of Consumer Protection and Financial Literacy, Volume 2. Comparison against Good Practices |
| geographic_facet |
Europe and Central Asia Romania |
| description |
The diagnostic review on consumer
protection and financial literacy in Romania is the fourth
in a World Bank-sponsored pilot program to assess consumer
protection and financial literacy in developing and
middle-income countries. The objective of this review are
three-fold to: (1) refine a set of good practices for
assessing consumer protection and financial literacy,
including financial literacy; (2) conduct a review of the
existing rules and practices in Romania compared to the good
practices; and (3) provide recommendations on ways to
improve consumer protection and financial literacy in
Romania. The diagnostic review was prepared at the request
of National Authority for Consumers Protection (ANPC), whose
request was endorsed by the Ministry of Economy and Finance.
Support was provided by the National Bank of Romania (BNR),
which supervises banks and non-bank credit institutions.
Further assistance was given by supervisory commissions for
securities (CNVM), insurance (CSA) and private pensions
(CSSPP). Volume one notes the importance of consumer
protection and finical literacy, provides statistics on the
size and growth of the retail financial sector in Romania,
describes the EU and Romanian strategies on consumer
protection and financial literacy, and sets out the key
finding and recommendations of the review. Annex one lists
all recommendation in the diagnostic review from both
volumes and notes which recommendations relate to European
Union (EU) Directives or European Commission (EC)
recommendations and which are taken from the good practices
annex two provides two sample consumer protection code: one
for the banking securities, insurance and pensions sectors;
and another for non-bank credit institutions. Annex three
lists the key lawn and institutions related to financial
consumer protection in Romania and annex four indicates
which Romanian laws have incorporated the EU Directives on
financial consumer protection. Volume two provides: (1) a
detailed analysis of the key consumer protection issues in
five segments of financial sector - banking, securities,
insurance, private pensions, and non-bank credit intuitions;
(2) an assessment of the Romanian consumer protection
framework and practices compared to the template of good
practices; and (3) a brief survey of financial literacy
programs worldwide. |
| format |
Economic & Sector Work :: Policy Note |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Romania : Diagnostic Review of Consumer Protection and Financial Literacy, Volume 2. Comparison against Good Practices |
| title_short |
Romania : Diagnostic Review of Consumer Protection and Financial Literacy, Volume 2. Comparison against Good Practices |
| title_full |
Romania : Diagnostic Review of Consumer Protection and Financial Literacy, Volume 2. Comparison against Good Practices |
| title_fullStr |
Romania : Diagnostic Review of Consumer Protection and Financial Literacy, Volume 2. Comparison against Good Practices |
| title_full_unstemmed |
Romania : Diagnostic Review of Consumer Protection and Financial Literacy, Volume 2. Comparison against Good Practices |
| title_sort |
romania : diagnostic review of consumer protection and financial literacy, volume 2. comparison against good practices |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2009/07/16366794/romania-diagnostic-review-consumer-protection-financial-literacy-vol-2-2-comparison-against-good-practices http://hdl.handle.net/10986/12916 |
| _version_ |
1764420871692222464 |
| spelling |
okr-10986-129162021-04-23T14:03:03Z Romania : Diagnostic Review of Consumer Protection and Financial Literacy, Volume 2. Comparison against Good Practices World Bank ACCESS TO EDUCATION ACCOUNTING ADULT LITERACY ADULT POPULATION AGE GROUP AGRICULTURAL EMPLOYMENT AGRICULTURAL PRODUCTIVITY AGRICULTURAL PRODUCTS AGRICULTURAL SECTOR AGRICULTURAL WAGE AGRICULTURAL WORKERS BASIC EDUCATION CASH CROPS CHILD LABOR CHILD MORTALITY CHILD MORTALITY RATE COMPARABILITY ISSUES COST EFFECTIVENESS CRISES CROWDING OUT DEMOGRAPHIC PRESSURES DEPENDENCY RATIOS DEVELOPING COUNTRIES DISCRIMINATION DROUGHT EARNING EARNINGS GROWTH EARNINGS INEQUALITY ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC VOLATILITY EDUCATION SYSTEMS EMPLOYMENT EMPLOYMENT CREATION EMPLOYMENT DYNAMICS EMPLOYMENT GROWTH EMPLOYMENT INCREASE EQUAL ACCESS EXPORT PROCESSING ZONES EXTREME POVERTY FAMILY LABOR FAMILY PLANNING FARM ACTIVITIES FARM ACTIVITY FARM INCOME FINANCIAL MARKETS FIRM GROWTH FIRM SIZE FOOD CONSUMPTION FOOD INSECURITY FOOD SECURITY FOREIGN DIRECT INVESTMENT FORMAL EDUCATION FULL EMPLOYMENT GENDER DIFFERENCES GENDER DISPARITIES GENDER GAP GENDER ISSUES GREEN REVOLUTION HIGH EMPLOYMENT HIGH POPULATION GROWTH HOUSEHOLD ENTERPRISES HOUSEHOLD INCOME HOUSEHOLD NEEDS HOUSEHOLD POVERTY HOUSEHOLD SURVEYS HOUSEHOLD VULNERABILITY HUMAN CAPITAL HUMAN DEVELOPMENT IMMIGRANTS IMPACT ON POVERTY INCOME INSECURITY INCOME SECURITY INCOME SUPPORT INEXPERIENCED WORKERS INFORMAL SECTOR INSURANCE JOB CREATION JOB MARKET JOB OPPORTUNITIES JOBS KNOWLEDGE BASE LABOR DEMAND LABOR EARNING LABOR FORCE LABOR LAWS LABOR MARKET LABOR MARKET ARRANGEMENTS LABOR MARKET CONDITIONS LABOR MARKET INDICATORS LABOR MARKET INSTITUTIONS LABOR MARKET OUTCOMES LABOR MARKET POLICIES LABOR MARKET REGULATIONS LABOR MARKETS LABOR MOBILITY LABOR PRODUCTIVITY LABOR REGULATIONS LABOR RESOURCES LABOR SUPPLY LABOUR LABOUR MARKET LACK OF INFORMATION LACK OF SKILLS LARGE CITIES LEVEL OF EDUCATION LEVELS OF EDUCATION LIFE EXPECTANCY LIVING STANDARDS LOW UNEMPLOYMENT LOW UNEMPLOYMENT RATES MACROECONOMIC STABILITY MALNUTRITION MANPOWER MARKET WAGES MINIMUM WAGE MINIMUM WAGES MODERATE UNEMPLOYMENT MORTALITY NATIONAL POVERTY NATIONAL POVERTY LINE NATURAL RESOURCES NET JOB CREATION NON-FARM SECTOR OCCUPATION OCCUPATIONS OPEN UNEMPLOYMENT OUTPUTS PAYING JOBS PERMANENT JOBS POOR ADULTS POOR CHILDREN POOR HOUSEHOLDS POPULATION ESTIMATES POPULATION INCREASE POST SECONDARY EDUCATION POVERTY IMPACT POVERTY LEVELS POVERTY MAPPING POVERTY RATES POVERTY REDUCTION POVERTY REDUCTION STRATEGIES POVERTY REDUCTION STRATEGY POVERTY RISK PRIMARY EDUCATION PRIMARY LEVEL PRIVATE SECTOR PRIVATE SECTOR WORKERS PRODUCTIVE EMPLOYMENT PRODUCTIVE SECTOR PRODUCTIVITY GROWTH PRODUCTIVITY LEVELS PROGRESS PROTECTING WORKERS PUBLIC SECTOR JOBS PUBLIC WORK PUBLIC WORKS PUBLIC WORKS PROGRAMS RURAL RURAL AREAS RURAL DEVELOPMENT RURAL ECONOMY RURAL FAMILIES RURAL HOUSEHOLDS RURAL INCOMES RURAL LABOR RURAL LABOR MARKETS RURAL POOR RURAL POPULATION RURAL POVERTY RURAL SECTOR RURAL WORKERS SAFETY SAFETY NET SAFETY NETS SALARIED WORKERS SAVINGS SCHOOL AGE SECONDARY LEVELS OF EDUCATION SELF EMPLOYED SELF EMPLOYMENT SERVICE SECTOR SIGNIFICANT POLICY SKILLS DEVELOPMENT SUBSISTENCE FARMING TARGETING TECHNICAL CAPACITY TERTIARY LEVELS TOTAL EMPLOYMENT TRAINING PROGRAMS TRANSPORTATION UNEMPLOYED UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES UNIVERSITY EDUCATION UNPAID FAMILY WORKERS UNSKILLED LABOR URBAN AGGLOMERATIONS URBAN AREAS URBAN CENTERS URBAN MIGRATION URBAN POPULATION URBAN POPULATION GROWTH URBAN POVERTY URBAN WORKERS VOCATIONAL TRAINING VULNERABILITY VULNERABLE GROUPS WAGE GAP WAGE SECTOR WORK FORCE WORKER WORKERS WORKING POOR WORKING POPULATION YOUNG POPULATIONS YOUNG WORKERS The diagnostic review on consumer protection and financial literacy in Romania is the fourth in a World Bank-sponsored pilot program to assess consumer protection and financial literacy in developing and middle-income countries. The objective of this review are three-fold to: (1) refine a set of good practices for assessing consumer protection and financial literacy, including financial literacy; (2) conduct a review of the existing rules and practices in Romania compared to the good practices; and (3) provide recommendations on ways to improve consumer protection and financial literacy in Romania. The diagnostic review was prepared at the request of National Authority for Consumers Protection (ANPC), whose request was endorsed by the Ministry of Economy and Finance. Support was provided by the National Bank of Romania (BNR), which supervises banks and non-bank credit institutions. Further assistance was given by supervisory commissions for securities (CNVM), insurance (CSA) and private pensions (CSSPP). Volume one notes the importance of consumer protection and finical literacy, provides statistics on the size and growth of the retail financial sector in Romania, describes the EU and Romanian strategies on consumer protection and financial literacy, and sets out the key finding and recommendations of the review. Annex one lists all recommendation in the diagnostic review from both volumes and notes which recommendations relate to European Union (EU) Directives or European Commission (EC) recommendations and which are taken from the good practices annex two provides two sample consumer protection code: one for the banking securities, insurance and pensions sectors; and another for non-bank credit institutions. Annex three lists the key lawn and institutions related to financial consumer protection in Romania and annex four indicates which Romanian laws have incorporated the EU Directives on financial consumer protection. Volume two provides: (1) a detailed analysis of the key consumer protection issues in five segments of financial sector - banking, securities, insurance, private pensions, and non-bank credit intuitions; (2) an assessment of the Romanian consumer protection framework and practices compared to the template of good practices; and (3) a brief survey of financial literacy programs worldwide. 2013-03-25T20:06:10Z 2013-03-25T20:06:10Z 2009-07 http://documents.worldbank.org/curated/en/2009/07/16366794/romania-diagnostic-review-consumer-protection-financial-literacy-vol-2-2-comparison-against-good-practices http://hdl.handle.net/10986/12916 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Policy Note Economic & Sector Work Europe and Central Asia Romania |