The Banking Surveillance of N.B.R. – A Component of International Regulations
The Banking Surveillance of N.B.R. – A Component of International Regulations
Author(s): Carmen Adriana GheorgheSubject(s): Law, Constitution, Jurisprudence
Published by: Editura Universitatii Transilvania din Brasov
Keywords: banking surveillance; competent authorities; N.B.R.
Summary/Abstract: In their positive form, sanctions are a powerful tool of social control. A sanction is imposed through the coercive powers of the state. A sanction comprises the consequences of failing to comply with regulations and is defined as the measures that competent authorities of the state can take against persons in violation of legal provisions or against individuals failing to comply with the requirements of the law. Sanctions are always presented in the final chapter of the law and their goal is to re-establish order, to discourage future law-breaking and to rehabilitate those found guilty.
Journal: Bulletin of the Transilvania University of Braşov, Series VII: Social Sciences and Law
- Issue Year: 2015
- Issue No: 1
- Page Range: 155-162
- Page Count: 8