Banking Regulation Greek

The international financial crisis has triggered major developments in the European
banking sector both in terms of formation and regulation. Subsequently, amidst the fiscal
crisis in the euro area that became manifest in 2010, the creation of a European Banking
Union became the most significant objective of the EU political agenda.

This objective led to the introduction of comprehensive EU legislation for the

establishment of a Single Supervisory Mechanism, a Single Resolution Mechanism for
unviable banks, a single deposit guarantee scheme and an enhanced single rulebook for the
macro and micro-prudential banking supervision that would implement the Basel III capital
requirements. In turn, Greek banking law and supervision has been modified to a great extent
in order to keep up and comply with the rigorous EU initiatives. In addition, in one of the
early efforts to safeguard the Greek economy from the adverse effects of the global financial
crisis, Greek law 3723/2008 introduced the Hellenic Bank Support Plan with the goal of
strengthening Greek banks capital and liquidity positions.

Greek banks, although historically conservative and well-capitalised, have undergone

particularly challenging conditions since the onset of the sovereign crisis in Greece: the
successive downgrades of the credit ratings of the Hellenic Republic; the restructuring of the
public debt through participation of the private sector (PSI); the uncertainty regarding
Greeces continued participation in the eurozone; the deterioration of the quality of the loan
portfolios of Greek banks; and the banks lack of access to international capital markets have
materially and adversely affected the liquidity of Greek banks.

The term in Banking

(Collateral). Collateral is submitted debtors to the bank in order credit facilities or financing.

Automated Teller Machine (ATM). Machine with a computer system that is activated by a
magnetic card or bank bercode coded. Through these machines, customers can save money,
withdraw cash, transfer funds between accounts, and other routine transactions.
Blacklist (Black List). List of individual customer names or company sanctioned arena have
done certain acts merugkan bank and the public.

(Time Deposit). Deposits which can be withdrawn only at a specific time based on an
agreement with the bank depositors

(Current Accounts). deposits which may be withdrawn at any time by check, bank draft,
forms of payment order, or by transfer.

(Collection). Billing checks, money orders and other debt securities to the issuer of the
securities and receives payment from the payer's bank (paying bank).

(Bank Guarantee). Payment guarantees granted to the insured party, if the guaranteed party
does not fulfill its obligations.
(Debit Card). Bank cards were used to pay a transaction and / or intersting some funds at the
expense of the card holder's account is concerned with the use of a PIN (Personal
Identification Number).

(Credit Card). Cards issued by the bank or management company credit card which entitles
those who meet certain requirements whose name is on the card to use it as a means of
payment on account for the acquisition of goods or services, or to withdraw cash in the credit
limit as determined by the bank or credit card management company.

(Fund Transfer). Is the transfer of funds between related accounts or to third party accounts.
Overseas remittance senders between financial institutions and other financial institutions as
a receiver.

(Clearing). Calculation of debts among participants centrally somewhere in a way betray

securities and trading securities that have been established to be taken into account.

(Safe Doposit Box). Deposit box rental property or securities that are designed specifically
from steel and placed in the chamber repertoire of sturdy, resistant and flame-retardant
loading and to maintain the security of goods stored and provide security for its users.

PIN (Personal Identification Number). A secret number that is given to cardholders (credit
cards, ATM cards, debit cards, etc.) which code numbers can be provided by a bank or
finance company or determined by the cardholder.

Debtor Information System (SID). Systems that provide information about the debtor which is
produced from the debtor report diterma Bank Indonesia from the reporting agencies.

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