Dynamics and Structural Evolutions of the Romanian Banking System Due to the Financial Globalization

The ways by which the banking sector management can ensure the stability of banks, not only as entities but them as the entire banking system, while competition on the given market has become stiffer due to the globalization of economy, was brought about by: the awareness that globalization currently stands for the dominant phenomenon of world economy, the stiffer competition, the increase in risk factors and the instability in which economic operators carry out their activity. The above mentioned aspects determined the banking systems to reposition themselves, so as to meet the needs of a forever-changing economic environment, according to the standards imposed by domestic and international regulating boards.