Impact of macroprudentiality on customer protection of banking services
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2023-06-16 14:18
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COCIUG, Victoria, ŢURCAN, Natalia. Impact of macroprudentiality on customer protection of banking services. In: Competitivitatea şi inovarea în economia cunoaşterii: Culegere de rezumate, Ed. Ediția 26, 23-24 septembrie 2022, Chişinău. Chişinău Republica Moldova: Departamentul Editorial-Poligrafic al ASEM, 2022, Ediţia a 26-a, pp. 52-53. ISBN 978-9975-155-93-9.
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Competitivitatea şi inovarea în economia cunoaşterii
Ediţia a 26-a, 2022
Conferința "Competitivitate şi inovare în economia cunoaşterii"
Ediția 26, Chişinău, Moldova, 23-24 septembrie 2022

Impact of macroprudentiality on customer protection of banking services

JEL: E42, E44, E52, E58

Pag. 52-53

Cociug Victoria, Ţurcan Natalia
 
Academy of Economic Studies of Moldova
 
 
Disponibil în IBN: 30 martie 2023


Rezumat

Banking activity, being subject to multiple risks and externalities, is heavily regulated and supervised. Banking supervision includes five key areas – conduct regulation, anti-money laundering, infrastructure, micro- and macroprudential regulation. The first area is one of the most important because focuses on how banks operate and behave towards their customers which affects confidence in the financial system and the fair, orderly and efficient functioning of financial markets. The lack of customer satisfaction, correlated with the decrease in confidence in the banks' ability to provide its services, can generate deposit flight and cause liquidity problems for financial institutions. Thus, increasing customer satisfaction with the quality of banking services can contribute to increasing the efficiency of macroprudential policy instruments, but it is also the inverse relationship - the stability of the financial system will condition the possibility of orienting banks towards diversifying services and increasing their quality. But, unfortunately, this area is not researched enough, although it is very important for the stability of the banking system. The research theme that is proposed will be developed through the analysis of specialized literature, the identification of influencing factors on customer satisfaction and the impact of the application of macroprudential tools on it. The conclusions will be drawn from the analysis of the level of satisfaction of clients of banks in the Republic of Moldova with payment services and its correlation with the application of BASEL III requirements.

Cuvinte-cheie
macro-prudential policy, Central Bank, Consumer Protection, Financial education