On the Impact of Legislative Risk in Banking Activity
On the Impact of Legislative Risk in Banking Activity
Author(s): Adriana Ioana PanțoiuSubject(s): Law, Constitution, Jurisprudence, Civil Law, Law on Economics, EU-Legislation, Commercial Law
Published by: Editura Universitatii Transilvania din Brasov
Keywords: operational risk; legislation; credit institutions;
Summary/Abstract: The operational risk, at the banking level, is the one that includes the risks that can be generated, for a credit institution, by changing the relevant regulations. Legislative changes in recent years have had a significant impact on banking activity. Thus, a legislative risk is highlighted, resulting from fewer proper regulations, the effects of which can be seen in the banking system. From the analysis of such regulations, we observe, on the one hand, the aspiration of the Romanian legislator to align the Romanian legal system to the Union law. On the other hand, we see the need for better collaboration between the legislator and the representatives of the banking system, so that the principle of legal security is not affected.
Journal: Bulletin of the Transilvania University of Braşov, Series VII: Social Sciences and Law
- Issue Year: 15/2022
- Issue No: Suppl
- Page Range: 123-128
- Page Count: 6
- Language: English