Thursday, August 7, 2014

I thought, however, that before making any judgment, right as I research. And here, for two days I

About the beast of greed. Open Letter to Daniel Daianu | Contributors
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I write to you because you are the only one of the members of the ASF and the only one I know, I said I would be competent and honest answers to the questions that came to my mind after reading the text appeared in HotNews about ASF employees income, then your answer and details. Writing to you, trying to control my shock at first instance that you give to anyone meeting those salary figures almost magical, as if drawn from a modern-day fairytale Arab (14 000 euros per month! 72,000 euros or 68,000 euro in November and December 2013, resulting in "raw supplementation holiday and year-end bonuses!"). And on top! In an interview you gave in 2013 on the occasion of foundation ASF, saying that "income of entities former executives were downright obscene." But God, they, I wondered, how is it?
I thought, however, that before making any judgment, right as I research. And here, for two days I struck far and wide the internet, I read the statutes and public reports of ASF's, I looked at the information about the salaries of Romania provided by the National Institute of Statistics then we compared the activity of your institution surveillance and control activities similar institutions in the UK, Germany, France. Why all this effort, you ask me? What came over me? I simply felt that through this story with "ASF wages" are faced with a real life situation that limit, the Romanian, we live in the present moment together. Is not there a "too much" in the middle and a "just can not"? Do not get too far, to a point, how to say ?, of supreme contempt? I'm not necessarily convinced that my letter to you will lead to something, but I felt a silent and do not try to understand standard envelope size you finally partake of something terrible. So, inside this intense state of disorder I decided standard envelope size to ask some questions and do, in the end, some metaphysical considerations about human nature, greed and our country.
Since my letter is opened, I will begin by summarizing, for the edification of those who read us, some of the data relating to the role and functioning of whose vice president are. Financial Supervisory Authority (FSA) was born following an order by the government in April 2013 by merging standard envelope size the three committees standard envelope size of the Financial Market in Romania namely the Insurance Supervisory Commission (CSA), the National Securities Commission (CNVM ) and Supervisory Commission of Private Pension System (PPSSC). They worked separately in 2005, if I'm not mistaken, and for nearly a year, there have been placed under a unifying logo to form "an integrated framework for operational and market surveillance," as the website states ASF. It's like I put gendarmerie and firefighters under the same umbrella, so why not ?, perfectly acceptable. Now, what is the point of this "financial police" that have all the civilized countries of the world? One noble as possible: it is meant to protect us from abuse and malpractice Romanian financial market participants listed above, ie: insurance companies, private pension funds, investment funds etc.
Because we all have, in one form or another, to make sure, I will still refer mainly to examples, the CSA. How does this organization? Where, standard envelope size for instance, derives its income CSA? From an "operating fee" standard envelope size applied to insurance companies and brokers "in the amount of 0.3% of gross premiums earned by insurers." So if I sell Allianz Tiriac me, Liiceanu standard envelope size a 10,000 insurance policy, the CSA receives 30 from the company Allianz. Amount which, in fact, all I the insured pay. And then - here's the first question - how fair is it to say, as the result of ASF's standard envelope size official response that your wages come from "own income", when in fact they are not money "earned" but "extracted" the power law of capital market participants and ultimately for consumers?
Now let's see how many companies are in the insurance market standard envelope size in Romania and one of them was "controlled and monitored" by the CSA in 2012? In other words, how big is the object of active

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