MITIGATION IN THE BANKING SYSTEM IN THE CONTEXT OF INTEGRATION IN THE EUROPEAN UNION

Laura – Maria Popescu and Ileana Nisuleșcu
Additional contact information
Laura – Maria Popescu: The Bucharest Academy of Economic Studies, Bucuresti, Romania
Ileana Nisuleșcu: The Bucharest Academy of Economic Studies, Bucuresti, Romania

CrossCultural Management Journal, 2013, issue 1, 31-35

Abstract: The article aims to highlight the measures adopted in the financial-banking system in the context of the European integration, according to risk analysis perspectives. The first part provides details on the vulnerability sources in terms of banking risks and their approach from various perspectives. Subsequently, based on the identified risks, a series of measures are proposed to limit them within the banking system. In terms of the work hypotheses, they are confirmed, thus increasing the harmonization level of theories throughout the European Union. Research was based on methods such as analysis, synthesis and induction, used to select the opinion of specialists in the field on the studied matter, and deduction, through the cross-section method, thus following the evolution and measures adopted in time. Following the analysis, a need was noticed for the implementation of an efficient banking risk management system, together with drafting additional regulations, so that the banking system is better prepared to handle new challenges generated by the crisis. The term afferent to the accession and integration in the European Union implied a stage requiring a radical change of the Romanian banking system, considering issues such as Romania’s economic development, leading to an increase of the banking mediation process.

Keywords: Banking system; European integration; Banking risk; Prevention mechanism; Financial crisis; Risk culture (search for similar items in EconPapers)
JEL-codes: E58 G21 G32 M41 M42 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://seaopenresearch.eu/Journals/articles/CMJ2013_I1_4.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cmj:journl:y:2013:i:3:popesculm,nisulescui

Access Statistics for this article

CrossCultural Management Journal is currently edited by Fundația Română pentru Inteligența Afacerii

More articles in CrossCultural Management Journal from Fundația Română pentru Inteligența Afacerii, Editorial Department
Bibliographic data for series maintained by Serghie Dan ().