EconPapers    
Economics at your fingertips  
 

NEW MANAGEMENT CHALLENGES FOR THE BANKING SECTOR IN ROMANIA: TRADITIONAL, DIGITAL OR FINTECH. WHAT’S THE NEXT BIG STEP?

Alexandru Florin Duna and Radu Liviu Ilioiu

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2017, vol. 11, issue 1, 241-247

Abstract: The paper proposes to underline the main challenges facing the Romanian banking system in the post-crisis era. The factors determining the decline of financial intermediation in Romania, as a percentage in GDP (currently at 29%)are many, but the most important seem to be the challenges of legislative nature, the new type of competition and last but not least the new frame of prudential regulation. After the introduction, we will present the main features of the of the new frame picture for the lending activity in Romania, elements of legislative nature represented by the Giving in Payment law and conversion of loans in foreign currency law, but the core of the paper will outline the main features of the Fintech companies and their positioning in relation to banks. The second part will outline the new directions set by the new stricter rules of prudentially that will be imposed once the Basel III Accord will come into effect. The last part represents our concluding remarks.

Keywords: financial crisis; economic context; economy; banking system; Romania; lending-related risks; challenges; paradigm; non-performing loans; foreign currency conversion; regulations; macro-prudentially. (search for similar items in EconPapers)
Date: 2017
References: View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://conference.management.ase.ro/archives/2017/pdf/2_2.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:rom:mancon:v:11:y:2017:i:1:p:241-247

Access Statistics for this article

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE is currently edited by Ciocoiu Nadia Carmen

More articles in Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE from Faculty of Management, Academy of Economic Studies, Bucharest, Romania Contact information at EDIRC.
Series data maintained by Ciocoiu Nadia Carmen ().

 
Page updated 2018-02-24
Handle: RePEc:rom:mancon:v:11:y:2017:i:1:p:241-247