BANKING ACTIVITY’S FUNDAMENTAL FORCES OF CHANGE IN ECONOMIC ACTUAL CONDITIONS

Prof. Ph.D Popescu Jenica
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Prof. Ph.D Popescu Jenica: University of Craiova Faculty of Economics and Business Administration Craiova, Romania

Revista Tinerilor Economisti (The Young Economists Journal), 2009, vol. 1, issue 13, 7-19

Abstract: Five fundamental forces have transformed the structure of financial markets and institutions and reflect the intense competition financial firms face today: deregulation/reregulation, financial innovation, securitization, globalization, and advances in technology. Market participants can choose from a larger number of suppliers which places a premium on customer service. To remain competitive, banks should identify the products with which they have a market advantage and provide personal service. The basic theme is that increased competition, brought about not only by continued deregulation but also as financial firms find ways around regulation, has encouraged banks to assume increased portfolio risks in order to earn acceptable returns.

Keywords: deregulation/reregulation; financial innovation; securitization; globalization; advances in technology (search for similar items in EconPapers)
JEL-codes: G01 G38 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2009:i:13:p:7-13

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