The Banking and Capital Markets industry continues to be transformed by increasing globalisation, advancing technology, and changing demographics. Protecting and enhancing a firm's reputation as well as rebuilding investor confidence and trust have become high priorities. The Basel II Capital Accord's requirements will impact risk management efforts in the industry. Currently, industry firms in Europe and worldwide adopted International Financial Reporting Standards (IFRS). |
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More than a decade has passed since the return of the Romanian banking industry to market economy standards. Banking reform was one of the most important building blocks for the transformation of the Romanian economy. Since then, the clearing of bad-debt portfolios, which grew rapidly in the early 90s, and the privatisation of state stakes in banks have become priorities in determining the future development of the Romanian banking sector. |
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Industry issues |
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New Basel Accord |
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Development of new retail products |
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Money laundering |
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EU accession |
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Application of International Financial Reporting Standards (IFRS) |
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Services and solutions |
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Efficient tax and regulatory recapitalisation and balance sheet restructuring; development of tax- |
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efficient retail and commercial products |
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Optimisation of provisions and reserves creation resulting from the change of accounting and tax |
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rules; overall tax optimisation and preparation of tax efficient structures relating to international financing of Romanian companies |
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Tax and due diligence reviews of Romanian banks |
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New Basel Accord advisory; IFRS advisory |
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| Financial Services |
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Money laundering - prevention, fraud investigations, forensic accounting |
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Risk management and reviews of control systems; Debt recovery services for lenders |
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Financial regulatory advice and compliance |
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