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International and Community Issues on Bankruptcy Regulation of Credit Institutions

Author

Listed:
  • Gavrilã Simona Petrina

    („Dunãrea de Jos” University Galaþi, Faculty of Legal, Social and Political Sciences)

Abstract

Despite the international efforts on the development of a special surveillance regime, banks may become insolvent. The poor management, the excessive risk, the adverse conditions in the market or fraudulent practices can cause serious or even fatal financial problems. Therefore, the rules of “ex ante” are not enough, but there must be an adequate legislative framework for bank insolvency situations. The need for special rules relating to bankruptcy for these companies is mainly due to considerable economic repercussions of the failures that affect them.

Suggested Citation

  • Gavrilã Simona Petrina, 2011. "International and Community Issues on Bankruptcy Regulation of Credit Institutions," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 465-470, May.
    • Handle: RePEc:ovi:oviste:v:xi:y:2011:i:9:p:465-470
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    More about this item

    Keywords

    insolvency; credit institutions; international law; Community law.;
    All these keywords.

    JEL classification:

    • K12 - Law and Economics - - Basic Areas of Law - - - Contract Law
    • K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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