FINANCIAL PRODUCTS CONSUMER PROTECTION IN CONDITIONS OF CRISIS

Constantin-Adrian Blanaru ()
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Constantin-Adrian Blanaru: Associate professor at University Petre Andrei of Iasi

Jurnalul de Studii Juridice, 2012, vol. 1-2, 183-188

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.

Keywords: regulations in the financial sector; the national and international markets; member country of the European Union; the Romanian National Bank (search for similar items in EconPapers)
JEL-codes: A23 (search for similar items in EconPapers)
Date: 2012
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