Legislation

• Law no. 312/2015 regarding the recovery and resolution of credit institution and investment firms and amending and supplementing certain normative acts in the financial field (published in the Official Gazette, Part I no. 920 of 12.11.2015);
• Law No. 311/2015 regarding deposit guarantee schemes and bank deposits guarantee fund (published in the Official Gazette, Part I no. 918 of 11.12.2015)
•  DIRECTIVE 2014/59/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council;
• DIRECTIVE 2014/49/EU regarding deposit guarantee schemes;
• DIRECTIVE 97/9/EU on investor-compensation schemes;
•  COMMISSION DELEGATED REGULATION (EU) 2015/63 of 21 October 2014 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to ex ante contributions to resolution financing arrangements.
•  REGULATION (EU) 2016/1434 of 14 December 2015 correcting Delegated Regulation (EU) 2015/63 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to ex ante contributions to resolution financing arrangements.

Recommended websites

• Ministry of Public Finance
• Financial Supervisory Authority
• Bank Deposit Guarantee Scheme
• European Banking Authority
• Financial Stability Board
• European Commission
• Single Resolution Board

Other relevant documents

• The approach of the National Bank of Romania, as resolution authority, regarding the operationalization of the write down and conversion of relevant capital instruments or eligible liabilities of a credit institution and of the bail-in tool
• Bail-in – a preferred alternative to bankruptcy or to the use of public funds , Bogdan Olteanu, opiniibnr.ro (Romanian only)
• Bail-in: how does it work, who and how can be affected?, Cristian Bichi, opiniibnr.ro (Romanian only)