THE ROLE OF THE ROMANIAN NATIONAL BANK IN APPLYING THE BANKRUPTCY PROCEDURE OF THE BANKING CREDIT INSTITUTIONS
Journal Title: Challenges of the Knowledge Society - Year 2013, Vol 3, Issue 0
Abstract
The article examines the role of the National Bank of Romania in the insolvency procedure of the banking institutions. The most important regulations regarding this issue consist in the Government’s Order 10/2004 regarding the bankruptcy of credit institutions. According to it, the following officials are to be appointed in the insolvency procedure of banking institutions: insolvency courts of justice, insolvency judge and liquidator. Although the National Bank of Romania is not considered a participant, it has a very important role in this procedure. My article presents in the beginning the Status of the National Bank of Romania. The next chapters are dedicated to the role of the National Bank of Romania in insolvency: withdrawal of the operating license of the credit institution, taking part in the insolvency procedure as an active participant or as a creditor side, appointing and dismissing of the interim administrator, mandatory or advisory opinion, role of information.
Authors and Affiliations
RARES-SEBASTIAN PUIU-NAN
Keywords
Related Articles
- EP ID EP104914
- DOI -
- Views 170
- Downloads 0
THE JUDICIAL INDIVIDUALIZATION OF THE PUNISHMENT. ALTERNATIVES TO DETENTION IN THE UNITED KINGDOOM CRIMINAL LAW
The simple fact that a person commits a crime doesn’t mean necessary that that person must be imprisoned. It’s for the court to decide which is the proper sanction that must be imposed to that person. The state must crea...
CORPORATE REPUTATION INFLUENCES CONSUMER SATISFACTION AND LOYALTY: EVIDENCE FROM CELLULAR INDUSTRY OF PAKISTAN
Research suggests that it takes five times more expenses to attract new customer than to retain existing consumer. The growing concern of corporations in today’s competitive environment is to retain consumers. As a resul...
LEADERSHIP AND CHANGE, A MUST FOR CRISIS PERIOD IN HIGHER EDUCATION INSTITUTIONS
Leadership is always a matter of focus for both scholars, private and public institutions, especially nowadays when the whole planet is suffering from a worldwide financial crisis, which has lead to an international unce...
LEARNING GERMAN AS A THIRD LANGUAGE THROUGHS ESL. STRATEGIES TO DEVELOP VOCABULARY
This article aims at revealing advantages of studying German (acquired as an L3) by a speaker who has a high level of knowledge in English (acquired as an L2). Those interested in learning German as a third language thro...
DO WE STILL WANT AN AMERICAN HEGEMONY?
We are not just in an economic crisis. We are witnessing a global identity crisis that challenges the very nature of the international system. And the current system seems to be made after the image and likeness of the U...