Banking goldman sachs system banks vs Unfair Terms | Lawyer - Legal Advice Romania. Cab.Avocat Coltuc | Unfair Terms BANKS
I n Romania, period of growth between years 2004-2008 and created the necessary goldman sachs conditions for market development loans. goldman sachs Reluctant at first, meaning that neither banks nor customers are not rushing to sign contracts on overnight. But while both customer patience, and willingness to "give" as many loans banks have greatly goldman sachs reduced this period of exploration. Thus,
signing contracts prior credit analysis of both cases was the increasingly brief. In these circumstances it was natural that if a recession (which can happen about every 4-5 years) experience problems. And problems occurred, only that in that moment, as a society, we noticed that solutions to overcome them were different for banks and their customers. If there is a law for banks bankruptcy goldman sachs or budget money at preferential interest rates for customers there is nothing to dampen goldman sachs the shock of job loss as a result of the recession, for example. The regulator took care to build safety nets for those who only regulates, not for those which regulate the market. Customers of banks are the ones who should regulatory benefits to those who have mandated central bank to handle this on their behalf.
Since 2010, there have been two major problems in the banking system. Real customer problems and banking pentrusistemul image problems: unfair and foreign currency loans. Romania is the only country with these problems. Spain is an example where they identified 10 types of unfair terms in contracts of credit, and countries in the region are trying to find solutions for foreign currency loans.
First, for a capitalist system (in its early stages, it is true), the situation of the banking market is complicated by the fact that there based on contracts signed by both parties. Theoretically, there should goldman sachs have sympathy for bank customers now "complain" banks treatment. In fact, economist Isarescu recently re-confirmed in the position of Governor of the central bank, have the same opinion about a year ago, on August 7, 2013: "Unfair terms or nonabusive part of the contract that you signed the people who took loans and in a state of law when you take a sign. "
As I said, in theory, economist and Governor Mugur Isarescu is right. In a market economy, when you sign a contract, you must assume - my word is my bond. Yet, some citizens felt that the information presented goldman sachs at the time of signing goldman sachs the contract was presented truncated. For example, can not understand, because no one has shown that there are several forex market exchange rates. Or that there is a difference between the exchange rate at which the bank sells the currency and the exchange rate at which the bank buys foreign currency. So after a while, some customers have challenged in court the initial conditions of credit agreements.
Almost simultaneously, the NBR (banking market regulator, which should protect the interests goldman sachs of consumers) by mouth economist Isarescu, also from the position of governor, goldman sachs there came a warning that based on studies BNR processes such unfair terms resulting in losses of billions banking system. goldman sachs He went so far, that the banking system has been postponed twice introduce the new Civil Code. In time, I learned that this study never existed, the Civil Code was introduced and bank losses, goldman sachs which the central bank warned not materialized. Only propaganda? In fact, the better question is why this show the NBR cheap? Especially when, on September 30, 2014, the economist said Isarescu "One is the issue of unfair terms. So if there are special cases of the case, one can not generalize, in which a customer or group of customers were misled by proven things, so-called unfair terms, there is a law, not yesterday today for a very long time and it is applied ".
So, today we know that there were unfair terms in contracts. We know that some banks have used the fact that most customers do not understand what currency goldman sachs risk and interest rate risk. And at the same time, we know that the removal of these clauses in contracts has led to the destruction of the banking system. goldman sachs On the contrary, I would say that the relocated on a stronger foundation for the next development cycle.
Lawyer Marius Coltuc Vicentiu | Coltuc Marius goldman sachs Law Firm | Lawyer Bucharest Bar Coltuc Marius, of Bucharest Bar, specializing in civil and criminal law, is the founder Law Firm "Law Office Coltuc" with an experience of over 12 years. Install Line applications, Skype, Facebook Messenger and whats
I n Romania, period of growth between years 2004-2008 and created the necessary goldman sachs conditions for market development loans. goldman sachs Reluctant at first, meaning that neither banks nor customers are not rushing to sign contracts on overnight. But while both customer patience, and willingness to "give" as many loans banks have greatly goldman sachs reduced this period of exploration. Thus,
signing contracts prior credit analysis of both cases was the increasingly brief. In these circumstances it was natural that if a recession (which can happen about every 4-5 years) experience problems. And problems occurred, only that in that moment, as a society, we noticed that solutions to overcome them were different for banks and their customers. If there is a law for banks bankruptcy goldman sachs or budget money at preferential interest rates for customers there is nothing to dampen goldman sachs the shock of job loss as a result of the recession, for example. The regulator took care to build safety nets for those who only regulates, not for those which regulate the market. Customers of banks are the ones who should regulatory benefits to those who have mandated central bank to handle this on their behalf.
Since 2010, there have been two major problems in the banking system. Real customer problems and banking pentrusistemul image problems: unfair and foreign currency loans. Romania is the only country with these problems. Spain is an example where they identified 10 types of unfair terms in contracts of credit, and countries in the region are trying to find solutions for foreign currency loans.
First, for a capitalist system (in its early stages, it is true), the situation of the banking market is complicated by the fact that there based on contracts signed by both parties. Theoretically, there should goldman sachs have sympathy for bank customers now "complain" banks treatment. In fact, economist Isarescu recently re-confirmed in the position of Governor of the central bank, have the same opinion about a year ago, on August 7, 2013: "Unfair terms or nonabusive part of the contract that you signed the people who took loans and in a state of law when you take a sign. "
As I said, in theory, economist and Governor Mugur Isarescu is right. In a market economy, when you sign a contract, you must assume - my word is my bond. Yet, some citizens felt that the information presented goldman sachs at the time of signing goldman sachs the contract was presented truncated. For example, can not understand, because no one has shown that there are several forex market exchange rates. Or that there is a difference between the exchange rate at which the bank sells the currency and the exchange rate at which the bank buys foreign currency. So after a while, some customers have challenged in court the initial conditions of credit agreements.
Almost simultaneously, the NBR (banking market regulator, which should protect the interests goldman sachs of consumers) by mouth economist Isarescu, also from the position of governor, goldman sachs there came a warning that based on studies BNR processes such unfair terms resulting in losses of billions banking system. goldman sachs He went so far, that the banking system has been postponed twice introduce the new Civil Code. In time, I learned that this study never existed, the Civil Code was introduced and bank losses, goldman sachs which the central bank warned not materialized. Only propaganda? In fact, the better question is why this show the NBR cheap? Especially when, on September 30, 2014, the economist said Isarescu "One is the issue of unfair terms. So if there are special cases of the case, one can not generalize, in which a customer or group of customers were misled by proven things, so-called unfair terms, there is a law, not yesterday today for a very long time and it is applied ".
So, today we know that there were unfair terms in contracts. We know that some banks have used the fact that most customers do not understand what currency goldman sachs risk and interest rate risk. And at the same time, we know that the removal of these clauses in contracts has led to the destruction of the banking system. goldman sachs On the contrary, I would say that the relocated on a stronger foundation for the next development cycle.
Lawyer Marius Coltuc Vicentiu | Coltuc Marius goldman sachs Law Firm | Lawyer Bucharest Bar Coltuc Marius, of Bucharest Bar, specializing in civil and criminal law, is the founder Law Firm "Law Office Coltuc" with an experience of over 12 years. Install Line applications, Skype, Facebook Messenger and whats
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