Debt moratorium during the state of emergency and the state of alert
Debt moratorium during the state of emergency and the state of alert

Author(s): Ciprian Chiorean
Subject(s): Law, Constitution, Jurisprudence, Law on Economics, EU-Legislation, Commercial Law
Published by: Societatea de Stiinte Juridice si Administrative
Keywords: debt moratorium; bank; banking regulations; pandemic;
Summary/Abstract: The regulation of the application of the debt moratorium was rolled out by adaptation and implementation at the level of the internal law, so that its effect is the one expected by the union of the European legislative framework with the internal legislative framework. Although there is a common goal, despite the guidelines set out by the E.B.A., there is no unitary vision at the level of European states regarding the moratoriums im- plemented, the solutions adopted by each EU Member State being diverse. Since the be- ginning of the SARS-CoV-2 coronavirus pandemic, credit institutions have come to the aid of customers who were financially vulnerable, by implementing appropriate, concrete and effective measures to enable them to continue to meet their payment obligations. For the elaboration of this study was used the comparative analysis of the whole regulatory framework and the exposition of the way in which it was implemented at the level of each state affected by the pandemic.

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