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Financial Products Consumer Protection In Conditions Of Crisis

Author

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  • Constantin-Adrian BLANARU

    (Associate professor at University Petre Andrei of Iasi)

Abstract

The application of lax regulations in the financial sector takes place at a time when the financial crisis is already contagious. When the authorities hesitate to compel recognition on the market through stronger regulations, this hesitation can lead to major disruptions in the clients’ trust capital. More importantly, the enforcement of these regulations should be followed up in every state, and, in case of irregularities, clear recovery, correction and penalty measurements should be applied for that particular state.

Suggested Citation

  • Constantin-Adrian BLANARU, 2012. "Financial Products Consumer Protection In Conditions Of Crisis," Jurnalul de Studii Juridice, Editura Lumen, Department of Economics on Behalf of Petre Andrei University Iasi, vol. 1, pages 183-188, June.
    • Handle: RePEc:lum:rev4rl:v:1-2:y:2012:i::p:183-188
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    Cited by:

    1. Dan Armeanu & Nicolae Istudor & Sgârdea Marian Florinel & Ana-Maria Burca, 2014. "Analysis of the Romanian Insurance Market Based on Ensuring and Exercising Consumers` Right to Claim," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 16(36), pages 550-550, May.

    More about this item

    Keywords

    regulations in the financial sector; the national and international markets; member country of the European Union; the Romanian National Bank;
    All these keywords.

    JEL classification:

    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate

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