Isarescu: Financial Crises Are Impossible To Avoid

10.28.2011 By Cristian Hostiuc , Claudia Medrega

The financial system invests in the future, takes on risks, so it is impossible for it not to be in offside position from time to time. Financial crises cannot be avoided, they can only be minimized, and it is important for banks to set up provisions for the uncertain future, believes Mugur Isarescu, governor of the National Bank of Romania or BNR.

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Keywords:: ISARESCU; , BNR; , MARKETS; , REGULATION

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