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New Management Challenges For The Banking Sector In Romania: Traditional, Digital Or Fintech. What’S The Next Big Step?

Author

Listed:
  • Alexandru Florin DUNA
  • Radu Liviu ILIOIU

Abstract

The paper proposes to underline the main challenges facing the Romanian banking system in the post-crisis era. The factors determining the decline of financial intermediation in Romania, as a percentage in GDP (currently at 29%)are many, but the most important seem to be the challenges of legislative nature, the new type of competition and last but not least the new frame of prudential regulation. After the introduction, we will present the main features of the of the new frame picture for the lending activity in Romania, elements of legislative nature represented by the Giving in Payment law and conversion of loans in foreign currency law, but the core of the paper will outline the main features of the Fintech companies and their positioning in relation to banks. The second part will outline the new directions set by the new stricter rules of prudentially that will be imposed once the Basel III Accord will come into effect. The last part represents our concluding remarks.

Suggested Citation

  • Alexandru Florin DUNA & Radu Liviu ILIOIU, 2017. "New Management Challenges For The Banking Sector In Romania: Traditional, Digital Or Fintech. What’S The Next Big Step?," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(1), pages 241-247, November.
    • Handle: RePEc:rom:mancon:v:11:y:2017:i:1:p:241-247
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