CORPORATE GOVERNANCE – DETERMINANT OF MOLDOVAN BANKING SYSTEM STABILITY
Recent events recorded in the banking sector of the Republic of Moldova – establishing special administration in three commercial banks by the National Bank of Moldova (NBM) – have highlighted the significant role which the quality of corporate governance presents for banking system. The aim of this...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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National Institute for Economic Research
2015-04-01
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| Series: | Economy and Sociology |
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| Online Access: | ftp://ince.md/Economie%20si%20Sociologie%20nr_1-2015/14.Clichici.pdf |
| _version_ | 1811272286426103808 |
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| author | Dorina CLICHICI Iulia LUPU |
| author_facet | Dorina CLICHICI Iulia LUPU |
| author_sort | Dorina CLICHICI |
| collection | DOAJ |
| description | Recent events recorded in the banking sector of the Republic of Moldova – establishing special administration in three commercial banks by the National Bank of Moldova (NBM) – have highlighted the significant role which the quality of corporate governance presents for banking system. The aim of this paper is to identify the challenges of corporate governance for the stability of the Moldovan banking system and destabilizing effects of weak corporate governance structures within banking institutions and analyze the consequences of corporate governance deficiencies. For achieving the goal the author conducted a detailed analysis of normative acts regulating the banking system in order to identify the existing gaps regarding this subject and analyzed recent performances of commercial banks in Moldova. Despite some progress in addressing the recommendations of the International Monetary Fund (IMF) and the satisfactory reported performance of banks, there are serious governance problems in several banks including the largest ones. |
| first_indexed | 2024-04-12T22:37:40Z |
| format | Article |
| id | doaj.art-b6533ea48a2c4899956de50f93ee6fc5 |
| institution | Directory Open Access Journal |
| issn | 1857-4130 1857-4130 |
| language | English |
| last_indexed | 2024-04-12T22:37:40Z |
| publishDate | 2015-04-01 |
| publisher | National Institute for Economic Research |
| record_format | Article |
| series | Economy and Sociology |
| spelling | doaj.art-b6533ea48a2c4899956de50f93ee6fc52022-12-22T03:13:50ZengNational Institute for Economic ResearchEconomy and Sociology1857-41301857-41302015-04-0119396CORPORATE GOVERNANCE – DETERMINANT OF MOLDOVAN BANKING SYSTEM STABILITYDorina CLICHICI0Iulia LUPU1PhD, NIERPhD, Financial and Monetary Research Centre “V. Slavescu” Romanian Academy, Romania Recent events recorded in the banking sector of the Republic of Moldova – establishing special administration in three commercial banks by the National Bank of Moldova (NBM) – have highlighted the significant role which the quality of corporate governance presents for banking system. The aim of this paper is to identify the challenges of corporate governance for the stability of the Moldovan banking system and destabilizing effects of weak corporate governance structures within banking institutions and analyze the consequences of corporate governance deficiencies. For achieving the goal the author conducted a detailed analysis of normative acts regulating the banking system in order to identify the existing gaps regarding this subject and analyzed recent performances of commercial banks in Moldova. Despite some progress in addressing the recommendations of the International Monetary Fund (IMF) and the satisfactory reported performance of banks, there are serious governance problems in several banks including the largest ones.ftp://ince.md/Economie%20si%20Sociologie%20nr_1-2015/14.Clichici.pdfcorporate governancebanking sectorfinancial stabilityfinancial performancecapital adequacynon-performing loans. |
| spellingShingle | Dorina CLICHICI Iulia LUPU CORPORATE GOVERNANCE – DETERMINANT OF MOLDOVAN BANKING SYSTEM STABILITY Economy and Sociology corporate governance banking sector financial stability financial performance capital adequacy non-performing loans. |
| title | CORPORATE GOVERNANCE – DETERMINANT OF MOLDOVAN BANKING SYSTEM STABILITY |
| title_full | CORPORATE GOVERNANCE – DETERMINANT OF MOLDOVAN BANKING SYSTEM STABILITY |
| title_fullStr | CORPORATE GOVERNANCE – DETERMINANT OF MOLDOVAN BANKING SYSTEM STABILITY |
| title_full_unstemmed | CORPORATE GOVERNANCE – DETERMINANT OF MOLDOVAN BANKING SYSTEM STABILITY |
| title_short | CORPORATE GOVERNANCE – DETERMINANT OF MOLDOVAN BANKING SYSTEM STABILITY |
| title_sort | corporate governance determinant of moldovan banking system stability |
| topic | corporate governance banking sector financial stability financial performance capital adequacy non-performing loans. |
| url | ftp://ince.md/Economie%20si%20Sociologie%20nr_1-2015/14.Clichici.pdf |
| work_keys_str_mv | AT dorinaclichici corporategovernancedeterminantofmoldovanbankingsystemstability AT iulialupu corporategovernancedeterminantofmoldovanbankingsystemstability |