Evaluation of Banking Digitization Policy of Romanian Commercial Banks

Bratu, Renate; Petria, Nicolae

doi:10.1007/978-3-030-01878-8_3

Cited by 2 publications

(1 citation statement)

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“…The authors of the article (Bratu and Petria, 2018) confirm the relevance of the processes of digitalization of the financial system, especially the banking system in Romania. Scientists are investigating the readiness of future generations of Romania to fully integrate into the process of digitalization of banking, and also analyze the usefulness and advantages of digital banking services.…”

Section: Literature Reviewmentioning

confidence: 69%

Regulatory policy and institutional transformation of the banking system of Ukraine in the conditions of digitalization

et al. 2022

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The transformation of the banking system is due to modern global trends and digitalization processes, which contribute to increasing the efficiency of the banking system operation and its competitiveness. The object of this study is the analysis of regulatory policy and justification of the foundations of institutional transformation of the banking sector in the conditions of digitalization. The conducted research made it possible to analyze the regulatory policy and establish the rationale for the institutional transformation of the banking sector in the conditions of digitalization in order to increase the efficiency of its activities and competitiveness, which means: putting the banking system on track to merge with the global financial system; transformation of the functioning of the National Bank of Ukraine in the direction of creating economically adaptable functions and, at the same time, implementing behavioral mechanisms of influence on banking institutions; implementation of methods of preventive rehabilitation of troubled banks; increasing the stabilization of the banking system due to strengthening the role of private banks; expansion of the functions of the Deposit Guarantee Fund of individuals, and; implementation of digital technologies in the activities of banking sector entities.

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Section: Literature Reviewmentioning

confidence: 69%

Regulatory policy and institutional transformation of the banking system of Ukraine in the conditions of digitalization

et al. 2022

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Challenges for Banking Services in the Knowledge Economy

Hadad

2019

Management Dynamics in the Knowledge Economy

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In this paper, we have covered many of the roles that banks play in the financial system. Banks act as delegated monitors that ensure that economic agents allocate their resources effectively, thus leading to the sustainable development of entrepreneurship. Moreover, they also play an important role in sharing risks in the economy and protecting economic agents against market fluctuations through various means such as financial derivatives. These are the positive aspects of the roles of banks, but it should be noted that the way banks act to ensure an acceptable rate of return can cause fragility and instability throughout the financial system. In fact, banks are most often at the center of financial crises, as in the case of the global financial crisis that began in the summer of 2007. Banks may even contribute to spreading the negative effects of these financial crises because small shocks can have major effects on the financial system and economy. Banks also play an important role by facilitating the access of economic agents to financing and contributing to the development of the economy. In addition, they are important for good corporate governance, especially in countries such as Germany where bankers hold positions on the boards of private companies and can represent more shareholders in voting decisions.

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Evaluation of Banking Digitization Policy of Romanian Commercial Banks

Cited by 2 publications

References 16 publications

Regulatory policy and institutional transformation of the banking system of Ukraine in the conditions of digitalization

Regulatory policy and institutional transformation of the banking system of Ukraine in the conditions of digitalization

Challenges for Banking Services in the Knowledge Economy

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