Failure to repatriate funds in foreign currency from abroad and modern issues of currency regulation
The monetary policy of the European Union has recently undergone changes that cannot but have an impact on national economies. Thus, starting in 2018, the new rules for calculating the liquidity of banks and the ratio of borrowed funds to assets will come into full force in the European Union. Sever...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Comenius University in Bratislava, Faculty of Law
2018-06-01
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| Series: | Bratislava Law Review |
| Subjects: | |
| Online Access: | https://blr.flaw.uniba.sk/index.php/BLR/article/view/94 |
| Summary: | The monetary policy of the European Union has recently undergone changes that cannot but have an impact on national economies. Thus, starting in 2018, the new rules for calculating the liquidity of banks and the ratio of borrowed funds to assets will come into full force in the European Union. Several large banks in France, dissatisfied with the policy of the European Central Bank (ECB), even appealed to the European Court of Justice for a change in the rules. Meanwhile, this is another step towards establishing financial transparency and strengthening the banking system. Meanwhile, at the international level, uncertainty still remains over issues of currency and legal responsibility, which is largely due to various legal regulations. In most cases, companies that carry out foreign economic activity violate currency legislation. At the same time, civil measures may not be sufficient to protect the normal functioning and development of the domestic foreign exchange market. |
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| ISSN: | 2585-7088 2644-6359 |