THE BRIDGE-BANK, A PRIVATE CREDIT INSTITUTION
Keywords:
stabilizing measures, special supervision, special administration, transfer of assets and liabilities.Abstract
The bridge-bank is new in the Romanian banking legislation. According to our lawmaker, it is a credit institution, but, with special features in relation with the credit institutions stated by our banking law. It was designed with a very well determined purpose – of achieving the “stabilizing measures” approved by the National Bank of Romania regarding distressed credit institutions. We shall analyze the legal statute of the bridge-bank, in terms of its constituents, establishing for each the specificity, and using the law as mean of comparison.References
Postolache, R., (2012) Drept bancar, C.H. Beck Publishing House, Bucharest.
Postolache, R., (2011) Protection of persons affected by the deposit transfer instituted with the special administration of a credit institution, in the Journal of Legal Studies No 3-4/2011, Petre Andrei University of Iasi.
Silberstein, I., (2011)Reglementarea actuala a procedurilor speciale bancare, Law Magazine No 11/2011.
Government Emergency Ordinance No. 99/2006 on credit institutions and capital adequacy, Official Gazette No. 1027 from December 27th 2006.
Law No. 31/1990 on commercial societies, republished in the Official Gazette No. 1066 from November 17th 2004.
Government Ordinance No. 39/1996 on the creation and functioning of the Bank Deposits Guarantee Fund, republished, Official Gazette No. 587 from August 19th 2010.
