The research paper aims to underline the importance of civic behavior in business and bank’s role in the implementation of sound principles of corporate social responsibility. The authors analyzed terms such as corporate social responsibility, sustainable development, fi-nancial stability and...

In the modern society the banking system occupies a very important place; it can decisively in-fluence the economy as a whole and the quality of our lives. Therefore its proper functioning is of vital importance. For the well being of a society, lending to both retail and corporate sectors is very...

The purpose of this paper is to analyze the impact of mergers and acquisitions on the performance of the two categories of banks involved in this operation: the bidder bank and the target bank. Our analysis is performed on the case of M&A operations performed during 2001-2009 across Central and...

The global market liquidity squeeze for securities that initiated in 2007 has increased pressure among banks to sell, pushed down prices, and impacted the market for interbank loans, leading to a funding gap at Northern Rock, Britain’s fifth largest mortgage bank. This paper presents an...

High standards in the governance of banks and firms are very important for economic growth. Banks have a critical position in the development of economies due to their major role in running the financial system. The banking industry is unique because it is simultaneously consolidating and...

In this paper we assess the financial supervision and regulation structure inRomania. To this purpose, we calculate and interpret the Financial Supervision UnificationIndex (FSU Index) and the Central Bank as Financial Authority Index (CBFA) at the level ofthe year 2011 (August), according to...

The international financial and economic crisis highlights that central banks should go beyond their traditional emphasis on low inflation to adopt an explicit goal of financial stability. Our paper addresses this highly topical issue of macro-prudential framework with the focus on effectiveness...