Volume 5, Issue 4 (April 2018), Pages: 14-23

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 Original Research Paper

 Title: The engineering of the prudential supervision structure - essential factor of financial-banking stability in the European context of Romania

 Author(s): Ioana Carmen Rada ¹, Ioan Constantin Rada ^2, *

 Affiliation(s):

 ¹Department of International Relations, Faculty of History, Babes-Bpliay University, Cluj-Napoca, Romania
 ²Engineering and Management Department, Faculty of Electrical and Engineering and Information Technology, University of Oradea, Romania

 https://doi.org/10.21833/ijaas.2018.04.003

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 Abstract:

The stability and financial security of any state, whether it is regarded as individual unit or as a member of various unions or Union of States, is a fundamental issue of safeguarding depositors in relation to the risks of instability and insecurity in the financial and banking sector, a situation which involves the risk that the entire population of a State, or of the Union considered, might be in the situation when it has to pay for the losses. Stability and security should be sought and ensured by the structural engineering of some "Single Supervisory Mechanisms", "Single Regulatory Mechanisms” and through various forms of the security structure. The European context offers a very wide range of international financial and banking relations but at the same time it has to face the terrorist threat. In Romania, the structure of prudential supervision and banking security is ensured by the "National Bank of Romania". This one, together with other national authorities, ensures the structural engineering for the financial stability and security on the territory of Romania, which is a member state of the European Union, observing the European supervisory, regulatory, payment and control mechanisms. The National Bank of Romania shall have jurisdiction solely to "authorize Credit institutions in Romania", while at the same time, through prudential supervision and banking information security to ensure "the stability and viability of the entire banking system", and therefore conclude, for this purpose, "coordination and cooperation agreements with the competent authorities in other Member States". 

 © 2018 The Authors. Published by IASE.

 This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).

 Keywords: Supervision structure, Banking stability, Supervisory mechanism, Regulatory mechanism, Safeguarding depositors

 Article History: Received 14 November 2017, Received in revised form 28 January 2018, Accepted 28 January 2018

 Digital Object Identifier: 

 https://doi.org/10.21833/ijaas.2018.04.003

 Citation:

 Rada IC and Rada IC (2018). The engineering of the prudential supervision structure - essential factor of financial-banking stability in the European context of Romania. International Journal of Advanced and Applied Sciences, 5(4): 14-23

 Permanent Link:

 http://www.science-gate.com/IJAAS/2018/V5I4/Rada.html

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