International and Community Issues on Bankruptcy Regulation of Credit Institutions

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

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 2, 465-470

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.

Keywords: insolvency; credit institutions; international law; Community law. (search for similar items in EconPapers)
JEL-codes: F34 G21 G22 K12 K33 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xi:y:2011:i:9:p:465-470

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