BANKING SUPERVISION IN EUROPEAN UNION
The need for prudential supervision imposed to banks by law arises from the action that banking market’s basic factors have. Therefore, it is about banks’ role in economy. The normal functioning of banks in all their important duties maintains the stability of banking system. Further, the stability...
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| Format: | Article |
| Language: | English |
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Romanian Foundation for Business Intelligence
2013-10-01
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| Series: | SEA: Practical Application of Science |
| Subjects: | |
| Online Access: |
http://seaopenresearch.eu/Journals/articles/SPAS_2_13.pdf
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| _version_ | 1818025128770928640 |
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| author | Lavinia Mihaela GUȚU Vasile ILIE |
| author_facet | Lavinia Mihaela GUȚU Vasile ILIE |
| author_sort | Lavinia Mihaela GUȚU |
| collection | DOAJ |
| description | The need for prudential supervision imposed to banks by law arises from the action that banking market’s basic factors have. Therefore, it is about banks’ role in economy. The normal functioning of banks in all their important duties maintains the stability of banking system. Further, the stability of the entire economy depends on the stability of the banking system. Under conditions of imbalance regarding treasury or liquidity, banks are faced with unmanageable crisis and the consequences can be fatal. To ensure long-term stability of the banking system, supervisory regulations were constituted in order to prevent banks focusing on achieving rapidly high profits and protect the interests of depositors. Starting from this point, this paper will carry out a study on existing models of supervision in the European Union’s Member States. A comparison between them will support identifying the advantages and disadvantages of each of them. |
| first_indexed | 2024-12-10T04:11:11Z |
| format | Article |
| id | doaj.art-131858c74ad4403abba6fbcf068cff50 |
| institution | Directory Open Access Journal |
| issn | 2360-2554 |
| language | English |
| last_indexed | 2024-12-10T04:11:11Z |
| publishDate | 2013-10-01 |
| publisher | Romanian Foundation for Business Intelligence |
| record_format | Article |
| series | SEA: Practical Application of Science |
| spelling | doaj.art-131858c74ad4403abba6fbcf068cff502022-12-22T02:02:43ZengRomanian Foundation for Business IntelligenceSEA: Practical Application of Science2360-25542013-10-01I2 (2/2013)121130seapas:y:2013:i:2:p:121-130BANKING SUPERVISION IN EUROPEAN UNIONLavinia Mihaela GUȚU0Vasile ILIE1 Bucharest University of Economic Studies, Romania Faculty of Finance, Insurance, Banking and Stock Exchange, Bucharest University of Economic Studies, Romania The need for prudential supervision imposed to banks by law arises from the action that banking market’s basic factors have. Therefore, it is about banks’ role in economy. The normal functioning of banks in all their important duties maintains the stability of banking system. Further, the stability of the entire economy depends on the stability of the banking system. Under conditions of imbalance regarding treasury or liquidity, banks are faced with unmanageable crisis and the consequences can be fatal. To ensure long-term stability of the banking system, supervisory regulations were constituted in order to prevent banks focusing on achieving rapidly high profits and protect the interests of depositors. Starting from this point, this paper will carry out a study on existing models of supervision in the European Union’s Member States. A comparison between them will support identifying the advantages and disadvantages of each of them. http://seaopenresearch.eu/Journals/articles/SPAS_2_13.pdf banking supervisionbanking regulationfinancial stabilitybanking system |
| spellingShingle | Lavinia Mihaela GUȚU Vasile ILIE BANKING SUPERVISION IN EUROPEAN UNION SEA: Practical Application of Science banking supervision banking regulation financial stability banking system |
| title | BANKING SUPERVISION IN EUROPEAN UNION |
| title_full | BANKING SUPERVISION IN EUROPEAN UNION |
| title_fullStr | BANKING SUPERVISION IN EUROPEAN UNION |
| title_full_unstemmed | BANKING SUPERVISION IN EUROPEAN UNION |
| title_short | BANKING SUPERVISION IN EUROPEAN UNION |
| title_sort | banking supervision in european union |
| topic | banking supervision banking regulation financial stability banking system |
| url |
http://seaopenresearch.eu/Journals/articles/SPAS_2_13.pdf
|
| work_keys_str_mv | AT laviniamihaelagutu bankingsupervisionineuropeanunion AT vasileilie bankingsupervisionineuropeanunion |