This paper addresses the interlinking of Romania with European financial centers, from the perspective of European banking regulation, with the author focusing on the recent trends in the application of the two methods for the „passporting” of banking services, namely: (i) establishing branches in other member states of the European Union (EU) and (ii) directly providing cross-border services. The author argues that the full utilisation of Eur...

This paper focuses on the key role that the post-Covid 19 European financial regulations are poised to play in Romania in relation to the development and deepening of the capital market, investment funds, fintech, cross-border financing and green finance. The author suggests that the Romanian market is faced with a unique confluence of regulatory and economic factors which, if optimally activated, can stimulate the financial perspectives of bo...

Looking at Article 2 TEU, this contribution considers that there is an external and an internal crisis of values: the former referring to challenges to EU values coming from individual Member States which prioritize their own agendas and the latter referring to the tension between a liberal and more solidarity-driven understanding of the EU’s foundations as it stems from the very wording of Article 2 TEU. In an attempt to unpack solidarity and...

The binding authority of the rulings rendered by the European Court of Justice is the principal reason why the preliminary ruling procedure may constitute an efficient means of enforcing EU law in general – and EU values in particular. This article explains how the preliminary ruling procedure can be used as a tool towards the enforcement of EU values. It considers who can use the procedure to this end, it examines how to create the basis for...

If Brexit was the defining “constitutional moment” for the European Union in the second part of the last decade, what are the constitutional changes awaiting the Union, say, the next ten years? This article looks at this – speculative – question by exploring the Union’s potential future evolution alongside two dimensions: a horizontal dimension focusing on the widening or narrowing of its membership, and a vertical dimension exploring the deep...