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2009 •
Nicoleta Panait
KnE Social Sciences
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We all as individuals have responsibility for any decisions, in terms of time, value and risk. In time, the system in which we are evolving requires different behaviors that are in alignment with our interests, as individuals, as organizations or as institutions. The paper brings into attention the concept of financial responsibility manifested in financial – banking environment, as a concept and as a species of financial education (or literacy). The main aim of this article is to evaluate the awareness, the manifestation and the importance of financial responsibility in Romania. The primary results reveal the fact that financial responsibility can improve the positive effects on individual’s welfare, and also the good impact that the financial system has on market economy. Moreover, here it is also evaluating the impact of financial education on the financial responsibility manifestation, as well as the theoretical interdependence ratio between those two terms – financial respon...
Information Management and Business Review
Bank Commitment to Ethics
Tea Golja
This paper brings theoretical approach of ethics in financial industry as well as research results from Croatian banks. The role of ethics in financial industry becomes every day more important issue, also there are no more questions of ethics institutionalisation - it is a question of ethical behaviour. Research limitation was subject matter so sample was reduced to seven major banks in Croatia which are actively involved in creating ethical values. The paper implies stakeholders’ orientations which assure understanding, learning and improving organisation; as well as identification, development and implementation of appropriate strategy also larger attention in future should be given to institutionalisation of ethics, on every level, because main ethical dilemmas according to bank managers trace roots in society culture. The value of this paper is based on the uniqueness of the research results about ethics in Croatian banks.
Corporate Social Responsibility in the Romanian Banking Sector
Mariana Bunea
The research paper aims to emphasize the strategic importance of corporate social responsibility (CSR) for the European Banking Sector, in general, and for the Romanian Banking Sector, in particular. After a concise presentation of CSR in the two sectors mentioned above, the authors analyze the main directions envisaged by the Romanian financial institutions in the research field. The main purpose is to conclude whether the social and environmental actions taken by the Romanian banks are in line with the ones of the European banks.
FINANCE & THE COMMON GOOD/BIEN COMMUN
How to Shape Moral Attitudes in Banking - the Polish example
2019 •
Mateusz Kucz
This paper concerns the practical problem of the evolution of moral attitudes among representatives of Poland’s banking sector in the face of the requirements imposed by the Sectoral Qualifications Framework for Banking in Poland (SQFB). In order to answer the question addressed in the title, we should reflect on whether work in the financial sector has a moral aspect. I will tackle this problem in the opening chapter of the paper. In the second part, various methods and tools will be highlighted that are currently used to influence moral attitudes in professional practice. After demonstrating some downsides of such tools, part three will explore possible solutions to some emerging issues and identify relevant tools to meet the requirements established by the SQFB. In the same section I will discuss an approach to shaping moral attitudes based on Aristotle’s ethics of virtue. In the classical sense, virtue ethics is often juxtaposed with calculating and selfish economic motivation. I will try to demonstrate that it does not have to be the case and that, when some criteria are met, Aristotle’s concept can be aligned with market activities. In particular, his concept of phronesis (practical wisdom) can significantly improve and complement some existing mechanisms and help nurture moral attitudes in the financial sector
Annals of Faculty of Economics
The Romanian Banking System -Past, Actuality, Perspectives
2012 •
Delia David
Banking ethics in the foreign direct investments from Romania
2011 •
lucian medar
Capital account liberalization created premises and allow Romania for final exit from the financial crisis. Promoting direct investment in Romania can lead to sustainable economic growth, create new jobs and thus, by selling labor set up new forms of saving, which will support investments. Banking ethics elements behind the development of direct investments in Romania are legislation, regulation and behavior
Journal of Knowledge Management, Economics and …
Cooperation in banking between the national bank of Romania and competent authorities in the European Union
2011 •
Elena Daniela
In Romania, the legal framework which regulates the legal regime of credit institutions is Governmenr Emergency Ordinance no. 99/2006 on credit institutions and capital adequacy, amended and approved by Law no. 227/2007. This regulation includes also the legal ...
Corporate Social Responsibility in Poland, A. Długopolska-Mikonowicz, S. Przytuła, Ch. Stehr (red.), Part of the CRS, Sustainability, Ethics and Governance
CSR of Banks in Poland, [w:] Corporate Social Responsibility in Poland, A. Długopolska-Mikonowicz, S. Przytuła, Ch. Stehr (red.), Part of the CRS, Sustainability, Ethics and Governance, ISBN 978-030-00440-8 (on-line), ISBN 978-3-030-0439-2, pp. 73-90, Wydawnictwo Springer Cham, 2019
2019 •
Łukasz Sułkowski
The financial services sector is viewed as a central pillar of modern capitalist economies. Banks—the main actors in the financial sector—play a fundamental role in determining the stability of financial markets and sustainability of modern economies. However, banks are involved in a profession that since medieval times has been held in contempt because of usury. Banks make a part of a very sensitive business activities: they trade money which represents other people’s security and well-being. The results of banks’ actions may influence many areas of our life both in micro and macro perspective. After the financial crises of 2008 banks have lost their credibility in the eyes of their clients and financial investors. Social responsibility concept has been found to be a way for banks to earn back their credibility and rebuilding of trust. The aim of this chapter is to underline the theoretical importance of banks’ engagement in the CSR activities and the practices regarding banks CSR involvement in Poland.
Legal Protection of Banking Services Consumer European and Romanian Perspective
Carmen Gheorghe
