However, what this tool was never intended for was to investigate and punish petty crimes such as the theft of a pig, stealing a chocolate bar or exceeding a bank overdraft limit.

In the case of credit agreements — other than contingent liabilities or guarantees — the purpose of which is not to acquire or retain a right in immovable property or land, overdrafts, deferred debit cards or credit cards this ceiling is assumed to be EUR 1 500.

22. Stresses that the reports of the Committee on Economic and Monetary Affairs on CRD IV , currently being discussed with the Council, represent an important step in tackling shadow banking in a positive way by imposing capital treatment of liquidity lines to structured investment vehicles and conduits, by setting a large exposure limit (25% of own funds) for all unregulated entities, which will help in nudging banks towards the Net stable funding ratio, and by recognising the higher risk, relative to regulated and non-financial entities, of exposures to such entities in the prudential provisions for liquidity risks;

An initial ceiling of EUR 50 000 and a further one of EUR 100 000 are more than adequate for the states whose banking systems have no long-established tradition, as is the case with Romania and other former Communist states.

An initial ceiling of EUR 50 000 and a further one of EUR 100 000 are more than adequate for the states whose banking systems have no long-established tradition, as is the case with Romania and other former Communist states.

This compensation may include the creditor’s borrowing costs or bank overdraft, administrative recovery costs paid for by the creditor company, recovery costs of debt recovery organisations and recovery costs arising from legal action.