Search

The dynamics of the financial markets and the significant interrelationships with broader concepts as globalization or sustainable development, have led in recent years to the development of a multidimensional approach of CSR. The credibility of the financial system is based on the financial institutions image given by representative stakeholders. They filter in an objective way the ethical responsibilities of the banks and the legal ones and give them the legitimacy to operate on the market. In order to obtain a realistic framework of CSR in Romanian banks, the article will focus on the transparency of CSR information. The confidence crisis manifested in the banking institutions can best be overcome through an authentic reporting system, which is able to fulfill a set of requirements, from credibility to completeness. This paper highlights the main characteristics of the CSR reports provided by the Romanian banking institutions, based on the stakeholder theory and using international reporting frameworks as Global Reporting Initiative.

This paper looks at the number and value of Mergers and acquisitions that took place in the European Union financial industry in the 1990–2011 period. The process of mergers and acquisitions is the main method used by financial institution to grow and to obtain better performance. In the same time, mergers and acquisition, helped by the european legislation, increased in number lately, due to the advantages obtained by banks when involving in a process like this. The increasing interest of foreign investors for mergers and acquisitions conducts to a concentration in the banking sector. The consequence of this process is the appearance and development of financial groups.