Romania: Advisory Newsflash

Romania: Advisory Newsflash

We start our first newsletter of the New Year with a short look back at 2016 – a highly tumultuous year in which we saw significant political upheaval with elections and referendums in Europe and the US. It is yet unclear how these geo-political uncertainties will affect the market, and what the springtime elections in Europe will bring. In addition, the failure of the oldest bank in the world, Monte dei Paschi di Siena, presents a real test case for the SRB’s Resolution framework and we have yet to see how events will unfold there.

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