ROLE AND IMPORTANCE OF THE BANK DEPOSIT GUARANTEE FUND
ROLE AND IMPORTANCE OF THE BANK DEPOSIT GUARANTEE FUND
Author(s): Daniela HarangusSubject(s): Economic policy, Financial Markets, Fiscal Politics / Budgeting
Published by: Editura Eurostampa
Keywords: bank deposits; commercial banks; prudential supervision; bank resolution; bankruptcy;
Summary/Abstract: The regulatory framework developed by the National Bank of Romania also covers the area of bank deposit guarantees. This research aims to analyze the functioning of this unique statutory scheme for guaranteeing bank deposits within the Romanian banking system. The number and volume of placed and eligible deposits of credit institutions participating in the Bank Deposit Guarantee Fund are analyzed in structure and dynamics. The objectives, resolution tools and the method of compensation of depositors of the bankrupt banks are analyzed. Bank deposit guarantee schemes and the protection of depositors in cases of banking difficulties are a priority in the European monetary area.
Journal: Anale. Seria Ştiinţe Economice. Timişoara
- Issue Year: XXIV/2019
- Issue No: 24
- Page Range: 63-72
- Page Count: 10
- Language: English