Framing Duties of Responsible Credit Policies in EU Law

Abstract

Scope of this paper is to highlight the areas of private law in which policies aiming at the promotion of ‘responsible credit’ have been implemented, especially after the 2007-2008 financial crisis. Within the wider array of tools at the disposal of legislators for establishing these duties, the paper focuses on a few of the most meaningful preventive instruments (such as the duty of creditworthiness assessment and duties of disclosure). It then tentatively assesses the impact of some of these duties on contract law.