GLOBALIZATIONAL AND NORMATIVE DETERMINANTS OF THE IMPROVEMENT OF THE BANKING CREDIT RISK MANAGEMENT IN POLAND
Journal Title: International Journal of Legal Studies ( IJOLS ) - Year 2018, Vol 4, Issue 2
Abstract
Since the beginning of the nineties, globalization processes have also been progressing faster in Poland. One of the sectors of the Polish economy in which globalization is proceeding relatively quickly is the financial sector, especially commercial banking. This is related to the acquisition of Polish banks by foreign financial institutions, i.e. the process that most intensively occurred in the 90s of the last century. In addition, Poland's accession in 2004 to the structures of the European Union and the development of electronic banking, the development of technologies and Internet services are factors that have accelerated globalization processes in Poland in recent years. The high level of globalization also applies to the capital market, both from the side of the organization and the nature of transactions made at the Warsaw Stock Exchange. The result of this high level of globalization of financial markets in Poland was the rapid appearance of negative market and cyclical effects of the global financial crisis in the autumn of 2008. The source of this crisis was the acceptance of an excessively high level of credit risk in US investment banks. However, the negative economic consequences of this crisis also quickly appeared in Poland. In addition to the significant depreciation of market valuations of shares of companies listed on the War-saw Stock Exchange, significant macroeconomic effects have also appeared in the form of a decline in the economic growth of the Polish economy. The existing situation indicates the need to continue the improvement of banking prudential regulations and credit risk management instruments in financial institutions.<br/><br/>
Authors and Affiliations
Beata Domańska-Szaruga, Dariusz Prokopowicz, Wioletta Wereda
Keywords
Related Articles
- EP ID EP517885
- DOI 10.5604/01.3001.0013.0019
- Views 98
- Downloads 0
ROLA PROKURATURY W OGÓLNONARODOWYM SYSTEMIE ZWALCZANIA TERRORYZMU NA UKRAINIE
Artykuł poświęcony został badaniu roli Prokuratury Ukrainy w krajowym systemie przeciwdziałania terroryzmowi. W artykule autor podjął próbę analizy ustawodawstwa Ukrainy w zakresie aktualnych (wg stanu dzień 30.09.2018r....
DONIESIENIA Z WOJNY – GAZETA WARSZAWSKA O DZIAŁANIACH ZBROJNYCH W CZASIE WOJNY CESARSTWA FRANCJI Z CZWARTĄ KOALICJĄ 1806 – 1807
Artykuł przestawia działania zbrojne toczone w czasie wojny Cesarstwa Francji z czwartą koalicją widziane oczami polskiej opinii publicznej. Gazeta Warszawska w oparciu w dużej mierze o francuski Monitor zapoznała swoich...
KILKA UWAG O WŁĄCZANIU SIĘ DO RUCHU. STUDIUM PRZYPADKU
Niniejsza publikacja dotyczy problematyki włączania się do ruchu z drogi podporządkowanej. Jest to tylko z pozoru nieskomplikowany manewr w ruchu drogowym, który powinien zostać wykonany dynamicznie, ale przy zachowaniu...
THE ORGANIZATIONAL STRUCTURE OF LEGISLATIVE BODIES IN THE POLISH AND FRENCH TERRITORIAL SELFGOVERNMENT – TOWARDSA CONSULTATIVE DEMOCRACY
The internal structure of legislative bodies of territorial self-government units/territorial communities and normative constructions of commissions and consultative bodies (especially those in the French legal order) en...
THE DEPENDENCE OF QUALITY THE ATMOSPHERIC AIR OF UKRAINE ON THE NUMBER OF GREEN SPACES. LEGAL AND ECOLOGICAL SOLUTIONS
The article considers the right of everyone to a safe environment for life and health. The right of everyone to a safe environment for life and health and to the compensation for the damage caused by the violation of thi...