The following are not included in this category: the state, central, regional and local public administration authorities, government agencies, central banks, credit institutions
, financial institutions, other similar institutions and any other person deemed a qualified investor in the capital market legislation.
Unlike the group of the large credit institutions
, concerning the small credit institutions
, we can notice a high degree of heterogeneity in terms of the capital value rates (Chart).
(21) For example it is regulated summarily the minimum authorization conditions, namely: its own funds or registered capital; the registered office and, if applicable, the real office; the shareholders or members, natural or legal entities, that are about to hold directly or indirectly qualified shares in a credit institution
, Romanian legal entity; persons to whom the management and/or leading responsibilities are entrusted; the activity plan.
If it determines that EC credit institutions
in a third country "do not receive national treatment offering the same competitive opportunities as are available to domestic credit institutions
and that the conditions of effective market access are not fulfilled," the Commission may initiate negotiations with the third country to achieve such treatment.
Under the circumstances the Bank of Russia took the decision to withdraw the credit institution
from the banking services market.
"All cashless payments or transfers of deposits/funds from a credit institution
that is included in the above mentioned catalogue, for its own account or by the order of an international customer, are permitted and are not subject to any restrictive measure imposed under any other Decree issued under the Law", the Decree states.
The credit institution
's operations were found to be non-compliant on multiple counts with the law and Bank of Russia regulations on countering the legalisation (laundering) of criminally obtained incomes and the financing of terrorism with regard to the accuracy of information the credit institution
submitted to the authorised body about operations subject to obligatory control.
(c) All cashless payments or transfers of deposits/funds from a credit institution
that is included in the catalogue, for its own account or by the order of an international customer, are permitted and are not subject to any restrictive measure imposed under any other Decree issued under the Law.
The German authorities, on the other hand, should commit themselves by informing the Commission of any future provision of funds to savings banks/Landesbanks, in case there is any unfair state aid involved.The Anstaltslast in its current form is to be replaced in order to comply with the following principles:- The financial relationship between the public owner and the public credit institution
shall be not different from a normal commercial owner relationship governed by market economy principles, just as between a private shareholder and a limited liability company.- Any obligation of the public owner to grant economic support to the public credit institution
and any automatism of economic support granted by the owner to the public credit institution
shall be excluded.
The Credit Institutions
section contains information on registrations and licences of credit institutions
, as of 1 March 2018, together with data on individuals accredited as receivers in cases of credit institution
bankruptcies, as of 14 March 2018.
The maximum amount of cash withdrawal shall not exceed e1/4300 daily, per natural person or e1/4500 daily per legal person, in each credit institution
or the equivalent of these amounts in foreign currency.