IMPACT OF GLOBALIZATION ON BANKING PRODUCTS AND SERVICES

Ciurlau Loredana and Busan Gabriela
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Ciurlau Loredana: CONSTANIN BRANCUŞI UNIVERSITY OF TARGU JIU, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION
Busan Gabriela: CONSTANIN BRANCUŞI UNIVERSITY OF TARGU JIU, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION

Annals - Economy Series, 2014, vol. 1, 181-186

Abstract: One can appreciate that the current conditions of the evolution, banks, those of Western Europe, as well as those in the central-East European countries and not only will have encountered new challenges, of which only a portion of them will be able to adapt, only those that will have the ability to exploit new opportunities in the globalised financial world. Banks will have to have the characteristics of a financial markets see more intense competition, and that financial products tend to be more homogeneous and easy to copy innovations; and the infrastructure is becoming more sophisticated and expensive; and last but not least the national regulations that tend to flatten and to join the international standardized structures and solutions for resolving crises are increasingly inspired from previous experience. This makes the market to be more uniformly, offering equal opportunities to all participants, but at the same time pointing to a large extent, revenue and profits.

Keywords: banking groups; market share; bancassurance; insurance business; globalization (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2014:v:1:p:181-186

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