Abstract
The engineering of the prudential supervision structure - essential factor of financial-banking stability in the European context of Romania
Highlights
The research strategy used in this approach is the "case study strategy" (Yin, 2009), and it was preferred since there is only limited control on events and attention was focused on the engineering phenomenon of prudential supervision structure, on the need to innovate it in order to protect the interests of depositors and ensure the stability and viability of the entire banking system of Romania, so that innovation in this form of engineering can be achieved by modernizing the methods of prudential supervision; secondly, this method responds to our initial questions, i.e. "how" and "why"
If the pattern established on empirical basis ("the necessity for the engineering of prudential banking supervision structure in the National Bank of Romania") coincides with the anticipated path by the authors ("achieving the innovation of the prudential banking supervision structure in the National Bank of Romania", as factor of stability and financial-banking viability of the National Bank of Romania, in order to protect the interests of depositors and to ensure the stability, viability and financial-banking security throughout the system), results can contribute to strengthening the internal validity of the investigation
The pattern matching technique is valid when it comes to an explanatory study, as patterns are related to the independent variables, in this case: the necessity of engineering the prudential banking supervision structure in the National Bank of Romania; patterns may be related to the dependent variables, in our case: achieving the innovation of prudential banking supervision structure in the National Bank of Romania, as essential factor of stability and viability of the entire financial-banking system
Summary
The engineering of prudential supervision should consider another aspect of relevant EU policies such as Security and Defense, in order to "create a safer Europe for the benefit of all its citizens” In this respect, the major threats and risks come from activities such as: "The terrorist threat to EU security, which over the past few years has seen an unprecedented scale and continues to be on an ascending trend" (Europol, 2017), "The attractiveness of the euro currency for counterfeiters", "Trafficking in human beings", "economic criminality", "smuggling", "money laundering, a crime per se, closely related to other forms of serious crime such as organized crime and the financing of terrorism" (Europol, 2017). The European Union, in order to fight these threats, is continually inventing and innovating, through structural engineering, organisms and traps to fight against threats, both at the level of the Union and at national level, by law enforcement cooperation
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
