The Relation between the Romanian Banking Commercial Companies and the Corporate Social Responsibility

Authors

  • L. Muresan Transilvania University of Brasov, Romania
  • C.A. Gheorghe Transilvania University of Brasov, Romania

Keywords:

banking commercial company, corporate social responsibility, business ethics, consumers, consumer protection legislation

Abstract

The relatively recent legal regulation regarding the field of the banking service consumer protection has been determined by the abusive commercial activity of the commercial banking companies. If the commercial banking companies had been aware of the need to comply with certain ethical principles in their relation with consumers – having a socially responsible behavior –, then these principles would not legally have been sanctioned. That is why we consider that the significant sanctions to which the banks expose themselves at present are a consequence of the flagrant and repeated breach of the ethical principles in the field of consumer protection.

Author Biographies

L. Muresan, Transilvania University of Brasov, Romania

Dept. of Public Law

C.A. Gheorghe, Transilvania University of Brasov, Romania

Dept. of Private Law

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Published

2010-03-15

Issue

Section

LAW