PROTECTION OF PERSONS AFFECTED BY THE DEPOSIT TRANSFER INSTITUTED WITH THE SPECIAL ADMINISTRATION OF A CREDIT INSTITUTION
PROTECTION OF PERSONS AFFECTED BY THE DEPOSIT TRANSFER INSTITUTED WITH THE SPECIAL ADMINISTRATION OF A CREDIT INSTITUTION
Author(s): Rada PostolacheSubject(s): Law, Constitution, Jurisprudence
Published by: Editura Lumen, Asociatia Lumen
Keywords: special supervision; special administration; banking deposit; remedial measures; damages fund; deposits guarantee fund
Summary/Abstract: The maintenance of trust in the Romanian banking system is mainly insured by the institutionalization of a guarantees system, which insures the restitution of the deposited amounts of money, but also the damages given to depositors, should a transfer of deposits occur. This system is regulated as measure in the context of a credit institution restructuring, by article 24011 paragraph (2) letter b) and article 24012 paragraph (1) letter d) of the Emergency Ordinance No. 99/2006 on credit institutions and capital adequacy. Depositors’ protection has a specific legal system, is integrated in special administration and is subject to our present analysis which uses law as working instrument.
Journal: Jurnalul de Studii Juridice
- Issue Year: VI/2011
- Issue No: 3-4
- Page Range: 153-164
- Page Count: 12
- Language: English