RECENT CHANGES IN THE CONTEMPORANY BANKING SYSTEMS AND THEIR IMPLICATIONS

Ioana Raluca Sbarcea
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Ioana Raluca Sbarcea: Lucian Blaga University of Sibiu, Faculty of Economic Sciences

Studies in Business and Economics, 2009, vol. 4, issue 4, 140-148

Abstract: The current banking systems have lately passed through several transformations, embodied in the increased number of bank mergers and take-over and creating of internationally famous financial groups, most of which are present on the Romanian market. These changes have determined new orientations of the activities and functions which the banks hold in an economy and relate mainly to the banking deregulation, the use of the financial innovation, the globalization and the securitization of bank assets. All these features of the current banking systems, on one hand aimed at reducing the bank risk through a better capitalization of the banks consortia and thus feeling less acute the various risk-generating events and on the other hand, they represent one of the causes of a resounding financial crisis, as the one that the economies of the world are passing through today, given the effects that the bankruptcy of an international bank consortium can have over the global economy. Given these issues, in the international context of the banking systems, an identification is required and a correct assessment of the risks associated with the banking activity, in order to adopt the necessary measures for reducing them and their potential effects.

Keywords: modern banking systems; securitization; globalization; the current financial crisis; banking concentration; mergers and acquisitions (search for similar items in EconPapers)
Date: 2009
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