Tuesday, August 9, 2016

The reaction of NBR counselor Cristian Bichi, who posted on the NBR website the following clarifications, is increasingly important for BURSA's readers, because the "bail-in" subject (which BURSA has been debating since 2013) has been heavily debated in the comments section. One of the readers who stands out among the commenters on the bursa.ro website (through his competence and information), who uses the nickname Cristi C, argues, (with documented evidence) that the "bail-in" operation will not be applied in Romania. Cristian C. Bichi, is also about to convince us, right now, that the transposition in the Romanian legislation of the European Directive for the Resolution of Banks and Investment firms - in short the "Bail-in law" - does not endanger small depositors, neither Romanians nor those in other European countries: 
"The equivalence between the internal recapitalization and the seizure of the bank deposits of the population (the retirees' money is also being mentioned in this context, claiming that it is at risk) is also incorrect. Such an approach is mistaken, because nothing would happen to guaranteed deposits (those below 100,000 Euros - per depositor and per bank - protected by the Fund for the Guarantee of Bank Deposits), regardless of whether they belong to individuals or to companies".

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