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Conclusions Over the last decade we have been getting used to treating investment and commercial activities of the banks together. All this through the universal banking model that dominated over global financial systems. The comparison of different countries’ history has not justified decision of such extreme deregulation. Only after the financial crisis 2008 it appeared obvious, that investment banking and commercial banking come from completely different worlds. It is therefore not possible to reconcile the interests of the banks and of the public interest. What is good for the bankers doesn’t need to be favorable for society. It is apparent, that banks became the sovereigns over public interest. Structural separation is necessary for banks to get back on their own feet and for the public to regain sovereignty over banks. The positive balance between presented arguments in favor and against that idea, supported by many official opinions, should be taken into account as soon as possible in new regulatory framework. But that will take long way to go. Achieving the intended purpose requires overcoming massive resistance from the banks and other beneficiaries of the previous order. Unfortunately governments, in theory being in power to make decisive changes, are currently very weak. Their independence and power had in fact been severely undermined by transferring effective control over the economy and consequently over society to the financial sector. References Acharya V. (2009), Some Steps in the Right Direction: A Critical Assessment of the Larosiere Report. Benson C., Michaels D. (2013), Banks’ World Under Dodd-Frank Takes Shape with Volcker Rule, Bloomberg. Blundell-Wignall A. (2011), On the Necessity of Separating Investment and Commercial Banking, Intereconomics, 6. Blundell-Wignall A., Wehinger G., Slovik (2009), The Elephant in the Room: The Need to Deal with What Banks Do, OECD. Brandeis L.D. (1914), Other People’s Money and How the Bankers Use It, F.A. Stokes, 1914, reprinted A.M. Kelley, 1971. Bulkley R. (1932), US Congressional Record, volume 75, part 9, 9911. Busch A. (2008), Banking Regulation and Globalization, Oxford University Press. Capie F., Wood G. (2013) Do we need regulation of bank capital? Some evidence from the UK., IEA Current Controversies No.40. Casserley D., Härle , Macdonald J., Should Commercial and Investment Banking Be Separated? The Historical Background to the Current Debate, McKinsey&Company. Elliot D.J. (2011), The Volcker Rule and Its Impact on the U.S. Economy, www.brookings.edu. Final Report Recommendations, Independent Commission on Banking (ICB) (2011), London. Frączek B. (2015), Coordinated actions in the field of financial education as a new approach to improve financial literacy, International Journal of Business Excellence, Special Issue on: "Innovation for Financial Services Challenges and Opportunities in Turbulent Times", nr 8 (4), 514-535. Frączek B. (2014), Main purposes and challenges in the financial education of financial consumers in the world, Journal of Economics & Management, 16, UE, Katowice, ss. 27-43. High-level Expert Group on Reforming the Structure of the EU Banking Sector (2012), Chaired by Erkki Liikanen, Final Report, Brussels. How Will the Volcker Rule Affect Banks Operating Outside the US? http://www.pwc.com/. Kasiewicz S., Kurlioski L., Marcinkowska M. (2013), Sektor bankowy – motor czy hamulec wzrostu gospodarczego? WIB, Warszawa. Lindo D. (2013), The importance of being separated. Making the public interest sovereign over banks. A finance Watch Policy Note, Spring 2013 McGinn J. (2013), ‘Green’ bookkeeping shows hidden cost of business as usual, Financial Times, June 23 Peach W.N. (1941), The Security Affilliates of National Banks, Baltimore, John Hopkins Press. Position Paper on Separation of Retail and Investment Banking (2013), Rabobank. Szpringer Z. (2013), Unia Bankowa, INFOS – Biuro Analiz Sejmowych. The High-level Group of Financial Supervision in the EU (2009), Chaired by Jacques de Larosiere, Brussels. Wancer J., Dziekooski (2011), Nowe modele, czy powrót do tradycyjnej bankowości, „Gazeta Bankowa”. Wolf M. (2014), Why Narrow Banking Alone Is Not the Finance Solution, “Financial Times”. 303
Zielioski T. (2013), "Zarażenie finansowe" źródłem ryzyka systemowego, w:Innowacje w bankowości i finansach. T. 1 ; Seria: Zeszyty Naukowe Wydziałowe Uniwersytetu Ekonomicznego w Katowicach. Studia Ekonomiczne, red. I.Pyka, J.Cichy, Katowice, ss.129-140 Zielioski T. (2015), Financial repression in terms of deflation and low economic growth, w: Challenges, research and perspectives = Herausforderungen, Forschung und Perspektiven, red. Gunter Hofbauer, [Milos Kral, Sinisa Zaric]. - Berlin: uni-ed, ss.235-256 304
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PROCEEDINGS OF The International Bu
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Proceedings of the International Bu
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Costs and Benefits of Marketing Com
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Sources of Competitive Advantage in
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INNOVATIVE THINKING AS A REQUIREMEN
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The participants of the conducted s
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thinking: nature, specific traits,
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4. The training programs aimed at t
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second reason lies in the specifics
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Conclusions To sum up, it should be
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the impact of the macro-environment
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Creativity Figure 2. The structure
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Boden (2004) distinguishes two broa
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consists of factors and trends oper
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Druzhinin, 1999 Gebert, 2002 Krause
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Table 4. Details of the respondents
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Figure 5. Distribution of expectati
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climate, which obstructs the expres
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Simonton, D. K. (2003). Scientific
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Unlocking and diffusing environment
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11. Aping: a copy cat is possible b
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finding tours, network sessions, id
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Conclusions Although this research
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THE INTERFACE BETWEEN THE STUDENTS
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135 (47.4 percent) students, the re
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and agreeableness. Most researchers
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individuals with strongly expressed
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of statistics were identified in th
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When analysing the data of the Crea
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Childishness 5.77 1.79 5.46 1.66 1.
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Generalizing the obtained results i
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openness to experience in students
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the third year students, as well as
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Wang, N., Jome, L. M., Haase, R. F.
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Csikszentmihalyi (1991) concurs and
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Pictures, imaging, perception and m
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participants had given their consen
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Kirkpatrick D. (1994) cited Rigg &
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the ability to transform the existi
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Almost 70 percent of the students i
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The respondents studying at the Fac
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with other faculties who are willin
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INNOVATIVE AND CREATIVE ICT SOLUTIO
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The author suggests that the proces
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activity (e.g. between two and thre
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characteristics of innovative ICT s
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Innovative and creative business so
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type of projector. Its type and cap
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Badzioska, E. (2016). The Concept o
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BUILDING RESILIENT ORGANIZATIONS AN
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Even though open innovation is most
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Most of the wood construction -rela
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MEE (Finnish Ministry of Employment
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the concept. Conceptual layer is co
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It is important to indicate the acc
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elationship can have the impact on
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THE USE OF TIME-DRIVEN ACTIVITY BAS
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The term of time consuming includes
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Table 1. The time equation of purch
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In the classical approach of accoun
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COSTS AND BENEFITS OF MARKETING COM
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Marketing experts A total of 13 mar
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No common rules, but facilitators D
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For radio spots and TV ads, adverti
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interviewed companies were locally
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(Objectives of) the most used and b
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Table 7. Correlation of interest in
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selected by companies amid various
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Exhibit 1). This shows a clear conn
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Brand awareness is thought to accru
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celebration, victory and the epitom
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eaching and identifying with their
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2014). This worked to increase awar
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Exhibit 6. Impact of Marketing Tech
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McDonald, Colin. (1991). Sponsorshi
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products dedicated to older consume
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The study was conducted in November
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The study was conducted by question
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The research results also showed th
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stages. (Freeman, Soete, 2001). Kul
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and process innovations and innovat
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company's innovation culture. For e
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Conclusions Reviewing the definitio
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ONE DOWNTOWN STREET. ONE DOWNTOWN P
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construction of new ones while othe
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association of post-earthquake buil
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After carrying out of this inquiry,
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SOCIAL MEDIA AND ITS INFLUENCES ON
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Social Media Definition of social m
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Forums Perhaps the forums came befo
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find 80% their prefer shops online
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ASSESSMENT OF DIFFERENT GENERATION
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Table 1. Generations of Georgian po
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FOOD-RELATED LIFESTYLE AS AN INNOVA
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The eco-moderate food consumer, Th
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Source: author’s elaboration. Fig
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Cholewa-Wójcik, A., & Świda, J. (
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The aim of work is to analyze diffe
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The results of empirical research c
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Legal framework According Hattori a
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on companies as it’s a key elemen
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Figure 5. Opinion about false adver
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EVALUATION OF POSSIBILITIES TO CHAN
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logistics is to save resources, to
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Figure 2. Review of Cargo handling
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Air pollution passes into other sph
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Figure 6. The Cascade bulk cargo ha
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Figure 8. Principle of dust suppres
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WHEN SHARED VALUE MEETS CREATIVITY:
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Figure 1. Value creation framework
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in private people who are oriented
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“Creative thinking led to Nobel P
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offer the machine, for free. Then t
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Yunus, M., Dalsace, F., Menasce, D.
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Clearly declarative character, mani
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management, because it would mean t
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of companies do not see the need to
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Figure 6. Problems noticed in enter
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epresentatives of SMEs have a right
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practitioners have developed their
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Table 2. Industrial state problems
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Acting boldly without being limited
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SOCIAL STAKEHOLDERS APPROACH TO TRA
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Assessing Vilniaus kolegija/Univers
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graduates were useful for their ins
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S. Pogosian and I. Dzemyda (2012) n
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Page 257 and 258: where staff where engaged in tempor
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Page 263 and 264: Figure 1. Major themes identified d
Page 265 and 266: Given that SMEs were shaped by thei
Page 267 and 268: approached in the recent study by J
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Page 273 and 274: Business related innovation phenome
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Page 279 and 280: Marketing innovation Organisational
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Page 295 and 296: committees. The analysis of advanta
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Page 311 and 312: Individualism-collectivism dimensio
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Page 319 and 320: INNOVATION, ECONOMIC GROWTH, AND IN
Page 321 and 322: citizens and gain popularity in abr
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Page 327 and 328: THE PERCEPTIONS OF PARTNERS’ TRUS
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Page 339 and 340: Appendix 3. Trustworthiness cluster
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Page 343 and 344: for sources of competitive advantag
Page 345 and 346: The competitive advantage of compan
Page 347 and 348: discrepancy of responses was slight
Page 349 and 350: Budzyoska-Biernat A. (2015). Strate
Page 351 and 352: the economy of European countries m
Page 353 and 354: Scientific literature emphasizes th
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The European Parliament and the Cou
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No. Competence Score Group No. Comp
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When generalizing the research resu
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SUSTAINABLE TOURISM AND SOCIAL TOUR
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organizations and institutions resp
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Municipalities were chosen in a way
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On the other hand the highest mean
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A major contribution of this resear
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Shin, Y. (2010). Residents' Percept
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Hence, Georgia has made a big succe
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driving forces for massive employme
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Figure 3. Credit (ECTs) distributio
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There are provided good organizatio
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Academic representatives to receive
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total exports. Travel & Tourism inv
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trends in the development of touris
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philosopher Arsene Ikaltoeli taught
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Terms of fierce competition in the
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PROMOTING INNOVATION IN THE HOTEL I
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Leadership in Energy and Environmen
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Conclusions This article reviewed i
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ISBN Ba Proceedings of the Internat
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