O lectie inedita oferita de criza in Romania

Munteanu, Ionica (2010): O lectie inedita oferita de criza in Romania.

Abstract

The recent financial crisis has brought new legislation in order to increase transparency in the banking sector. In Romania, as well as in the whole European Cummunity, the new legislation adresses, primarily, the protection of credit consumers. In compliance with EU Directive 2008/48/EC, the Romanian Emergency Ordinance 50/2010 regulates the elimination of some abusive fees related to credit contracts and the calculation of the variable interest according to transparent indices such as ROBOR/EURIBOR/LIBOR and not to internal reference interest rates. Romanian banks’ clients are now complaining of the way banks are trying to avoid the correct implementation of the new ordinance. A questionnaire applied inside the groups these clients formed online revealed a dominant profile of the displeased banking client, which gives us an unconventional lesson.

• Item Type: MPRA Paper
• English Title: An unconventional lesson from the crisis in Romania
• Language: Romanian
• Keywords: criza financiara, transparenta bancara, clauze abuzive, moneda creditului, variabilitatea dobanzii
• Subjects: G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages

References

Ordonanţa de Urgenţă nr. 50/2010 privind contractele de credit pentru consumatori http://www.dreptonline.ro/legislatie/oug_50_2010_contractele_de_credit_pentru_consumatori.php