Banks in Romania challenge law on conversion of loans

The state should not interfere with the conversion of foreign – currency loans to a different currency rate than the current market rate. This has to be discussed only between banks and their customers, said the Council of Banking Employers in Romania (CPBR) in a press release. A law that doesn't respect the market economy principles could generate lack of predictability among investors and lack of equity among bank clients, according to CPBR. The personal bankruptcy law would be beneficial only if it doesn't encourage abuses or lack of discipline on reimbursement among individuals. Romania’s National Bank offers possible solutions for Swiss Franc crisis Comment: The Swiss Franc or what a surprise from a Central Bank looks like editor@romania-insider.com