Please use this identifier to cite or link to this item:
Title: Weaknesses of corporate governance within the banking sector of the Republic of Moldova
Authors: Clichici, Dorina
Keywords: banks
supervisory authority
corporate governance
board of directors
banking system
Republica Moldova
Issue Date: 2016
Publisher: ”Independenţa Economică”
Citation: CLICHICI, Dorina. Weaknesses of corporate governance within the banking sector of the Republic of Moldova. In: The Journal Contemporary Economy = Revista Economia Contemporană. 2016, vol. 1, issue 3, pp. 91-99. ISSN 2537 – 4222; ISSN-L 2537 – 4222.
Abstract: The article is a continuation of the research initiated by the author on corporate governance challenges for the stability of the banking system and destabilizing effects of weak corporate governance structures within banking institutions in the Republic of Moldova. The article has the purpose to identify weaknesses in corporate governance arrangements in the current banking system and presents the main recommendations for eliminating these deficiencies. In order to achieve this goal was performed an analysis of the legislation that regulates the banking system and of the corporate governance code currently in place. Despite some progress on implementing recommendations of the International Monetary Fund and the reported satisfactory performance of banks, the following deficiencies of corporate governance in the banking system were identified: opaque shareholders’ structures and the issue of ultimate beneficial owners disclosure; deficient quality of bank boards; the current corporate governance code does not consider essential elements recommended by the Basel Committee; the lack of a consistent concept on corporate governance in the banking system in Moldova aligned with Basel Committee's recommendations.
Description: Referinţe bibliografice: p. 99 (13 titl.). JEL Classification: G21, G32, G38.
ISSN: 2537 – 422
Appears in Collections:Articole

Files in This Item:
File Description SizeFormat 
Weaknesses_of_Corporate_Governance_within_the-Banking_Sector_of_the_Republic_of_Moldova.pdf144.36 kBAdobe PDFView/Open

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.