One Move Ahead

Media Coverage

Elena Iacob, speaker at the Bright Future Banking Conference

Publication: ZRVP

The conference Bright Future Banking organized by Societatea de Stiinte Juridice on February 20, 2020, reunited law professors, judges, expert lawyers and leading professionals of the banking industry to discuss the most important banking trends and debate on significant legal issues affecting the industry.

Partner Elena Iacob spoke about the development of a special regime for the assignment of creditor’s rights from consumer loans, derogating from the civil law provisions governing the assignment of receivables generally.

Key takeaways include: the need for thorough assessment of the nature and impact of any new rules, to address the losing of trust issue without preventing the use of the mechanism for liquidity and credit access purposes, the advantages of a behaviourally informed regulation and the requirement to ensure consistency with the European legislative framework and the objectives of the single market.

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