CONSIDERATIONS REGARDING THE REFORM OF THE EUROPEAN FINANCIAL SUPERVISION SYSTEM
Financial stability has a crucial role in the financial system and in the economy as a whole, as shown by the current worldwide economic crisis. Therefore, in order to protect the financial system and to ensure financial stability, the identification of the main risk and vulnerability sources is of...
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| Format: | Article |
| Language: | English |
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Sciendo
2012-01-01
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| Series: | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
| Subjects: | |
| Online Access: | http://www.uvvg.ro/studiaeconomia/images/2012/p3/7.%20Persida%20Cechin%20Crista,%20Timeea%20Maria%20Dumescu%20-%20CONSIDERATIONS%20REGARDING%20THE%20REFORM.pdf |
| _version_ | 1818486258218827776 |
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| author | Persida Cechin Crista Timeea Maria Dumescu |
| author_facet | Persida Cechin Crista Timeea Maria Dumescu |
| author_sort | Persida Cechin Crista |
| collection | DOAJ |
| description | Financial stability has a crucial role in the financial system and in the economy as a whole, as shown by the current worldwide economic crisis. Therefore, in order to protect the financial system and to ensure financial stability, the identification of the main risk and vulnerability sources is of utmost importance. All involved parties, as well as financial institutions and supervision authorities need to be informed about the risks.Banks, insurance companies and other financial institutions represent the first line of defence against financial crises. These institutions are responsible for maintaining their viability and solvency, as well as for checking the debtors’ credit worthiness and for managing the undertaken risks. |
| first_indexed | 2024-12-10T16:20:32Z |
| format | Article |
| id | doaj.art-e7db9de9ae124f949654ad224543eef3 |
| institution | Directory Open Access Journal |
| issn | 1584-2339 2285-3065 |
| language | English |
| last_indexed | 2024-12-10T16:20:32Z |
| publishDate | 2012-01-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
| spelling | doaj.art-e7db9de9ae124f949654ad224543eef32022-12-22T01:41:50ZengSciendoStudia Universitatis Vasile Goldis Arad, Seria Stiinte Economice1584-23392285-30652012-01-012235964CONSIDERATIONS REGARDING THE REFORM OF THE EUROPEAN FINANCIAL SUPERVISION SYSTEMPersida Cechin CristaTimeea Maria DumescuFinancial stability has a crucial role in the financial system and in the economy as a whole, as shown by the current worldwide economic crisis. Therefore, in order to protect the financial system and to ensure financial stability, the identification of the main risk and vulnerability sources is of utmost importance. All involved parties, as well as financial institutions and supervision authorities need to be informed about the risks.Banks, insurance companies and other financial institutions represent the first line of defence against financial crises. These institutions are responsible for maintaining their viability and solvency, as well as for checking the debtors’ credit worthiness and for managing the undertaken risks.http://www.uvvg.ro/studiaeconomia/images/2012/p3/7.%20Persida%20Cechin%20Crista,%20Timeea%20Maria%20Dumescu%20-%20CONSIDERATIONS%20REGARDING%20THE%20REFORM.pdffinancial stabilitybanking systemfinancial supervisionbridge bank. |
| spellingShingle | Persida Cechin Crista Timeea Maria Dumescu CONSIDERATIONS REGARDING THE REFORM OF THE EUROPEAN FINANCIAL SUPERVISION SYSTEM Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice financial stability banking system financial supervision bridge bank. |
| title | CONSIDERATIONS REGARDING THE REFORM OF THE EUROPEAN FINANCIAL SUPERVISION SYSTEM |
| title_full | CONSIDERATIONS REGARDING THE REFORM OF THE EUROPEAN FINANCIAL SUPERVISION SYSTEM |
| title_fullStr | CONSIDERATIONS REGARDING THE REFORM OF THE EUROPEAN FINANCIAL SUPERVISION SYSTEM |
| title_full_unstemmed | CONSIDERATIONS REGARDING THE REFORM OF THE EUROPEAN FINANCIAL SUPERVISION SYSTEM |
| title_short | CONSIDERATIONS REGARDING THE REFORM OF THE EUROPEAN FINANCIAL SUPERVISION SYSTEM |
| title_sort | considerations regarding the reform of the european financial supervision system |
| topic | financial stability banking system financial supervision bridge bank. |
| url | http://www.uvvg.ro/studiaeconomia/images/2012/p3/7.%20Persida%20Cechin%20Crista,%20Timeea%20Maria%20Dumescu%20-%20CONSIDERATIONS%20REGARDING%20THE%20REFORM.pdf |
| work_keys_str_mv | AT persidacechincrista considerationsregardingthereformoftheeuropeanfinancialsupervisionsystem AT timeeamariadumescu considerationsregardingthereformoftheeuropeanfinancialsupervisionsystem |