K NEDOSTATKOM PRÁVNEJ ÚPRAVY NÚTENEJ SPRÁVY (NIELEN) NAD BANKOU

• Authors: Ľubomír Čunderlík

Title variants

EN

Some notes on the lacks of legal regulations of forced administration over financial institution (with impact on banks)

• Languages of publication: SK

Abstracts

EN

Bank-receivership represents a strict limitation for shareholders rights and competencies of all bodies of the related bank. It is a reorganisation and restructuring measure which may also impact upon the existing rights of the third persons, including the possibility of suspension of disposal by depositors of their deposits and the suspension of payments and clearing in a bank subject to forced administration. Upon introduction of forced administration, the execution of functions shall be suspended for all bodies of the bank and officers of the bank and the duties of the board of directors and the supervisory board are transferred to the forced administrator of a bank. At the same time, the rights of shareholders are suspended to the specified extent, except for the right to participate and vote at a general meeting convened by the forced administrator of a bank. During this time, the term of office of members of the statutory body and the supervisory board does not elapse. The author deals with the several significant application problems arising specially in the legal regulation of bank-receivership performance, also known as forced administration over a bank, according to Slovak Act on Banks. At first, he provides short introduction into legal regulation of forced administration and in accordance with its purposes and intentions gives proposals for appropriate amendments in systematic order of Slovak Act on Banks. Consequently deals with partial application problems as following: introducing forced administration over a branch office of a foreign bank from non EEAState, the Fit and Proper assessment of forced administrator of a bank, deputy administrator of a bank and their hired professional advisor for receivership purposes, professional competence and integrity of persons appointed as forced administrator and deputy administrator of a bank by the National Bank of Slovakia (NBS) as the financial market supervisory authority, conducting of rights and duties of forced administrator of a bank pursuant to provisions of Act on Banks, etc.

Keywords

EN

FORCED ADMINISTRATION; FINANCIAL INSTITUTIONS; FINANCIAL MARKET; BANK; BRANCH OF FOREIGN BANK; ACT ON BANKS; STATUTORY BODY; SUPERVISORY BOARD

• Publisher: Institute of State and Law of the Slovak Academy of Sciences
• Journal: Právny obzor. Teoretický časopis pre otázky štátu a práva (Juridical Review. Theoretical journal for the questions of state and law)
• Year: 2014
• Volume: 97
• Issue: 1
• Pages: 31 – 43

Contributors

author

Ľubomír Čunderlík

• Katedra obchodného, finančného a hospodárskeho práva, Právnická fakulta UK v Bratislave, Slovak Republic