Cornelia Kozlovski was appointed as member and president of the National Commission for Financial Markets (NCFM) by Parliament on January 21, IPN reports.

Cornelia Kozlovski has experience in banking and leasing and held senior managerial posts, including in the public service.

Answering MPs’ questions, Cornelia Kozlovski said the capital market is not developed, while the population is excessively indebted after raising consumer loans. System risks that cannot be supervised have persisted.

In the same sitting, the MPs named Adrian Gheorghiță as a member and deputy president of the NCFM Administration Board for a five-year term.

At the start of last September, Parliament dismissed all the members of the Administration Board of the National Commission for Financial Markets after the Board’s work was described as unsatisfactory and ineffective.

On October 7, 2021, the MPs appointed Vitalie Lemne as a member and deputy president of the NCFM Administration Board for a five-year term.

The Administration Board is a collegial body consisting of five members, including the president, two vice presidents and two members. These are appointed to the public posts by Parliament.