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The crisis triggered in 2007-2008 in the USA and then globally manifested strongly and affected many areas and categories of people. Through its specific features, it proved that the current regulatory system is no longer viable and it has to be reformed so that in the future to alleviate some of the negative effects felt in the context of the last international financial and economic crisis. The measures adopted were aimed at the fiscal, monetary and the income policy. Only used in combination, these policies proved effective under crisis conditions and determined the economic recovery. [ABSTRACT FROM AUTHOR]

Although most banks report high levels for overdue and doubtful loans, the overall quality of these portfolios fall favorable European context, the degree of provisioning of bad loans in Romania is higher than that reported by many other countries in Europe, situation due to the fact that Romanian banks have toxic assets held in the portfolio. The banking sector continued to record financial soundness indicators in the positive spectrum, good capitalization and having financial results. The efficiency of the banking system is directly linked to business volumes consistent growth based primarily on attractive products in terms of both cost and less on conquering new market segments. The persistence of global crisis leads to reduced economic activity so that domestic macroeconomic developments have an important impact on the health of the financial system. [ABSTRACT FROM AUTHOR]

Supervision of banks address concerns of security and financial health of banks individually, rationale of prudential regulation of banks is concern for the safety of the banking system as a whole and, ultimately, the economy. If, after performing surveillance actions, the National Bank of Romania breaches the law and prudential regulations or a precarious financial situation, it can apply a range of sanctions: written warning given bank, limiting the bank's operations, withdrawal of approvals data bank managers, withdrawing permit such bank, and a number of remedial measures, including measures establishing special supervision of the bank or its special administration. [ABSTRACT FROM AUTHOR]