RESPONSIBLE ENTREPRENEURSHIP VISION DEVELOPMENT AND ETHICS

296 RESPONSIBLE ENTREPRENEURSHIP
Romanian banking ethics awareness. A comparation between
the ethic codes in Romania and in other countries
By the particularities it presents, the banking activity involves the existence of some well
implemented and delimitated regulations, to grant its developing in optimal conditions. The
aspects related to the ethics in the bankig activity occupy an important place both in the competent
supervisory and regulation authorities’ preoccupations and also in the banks’ concerns.
The banks have ethical obligations both towards their clients and towards the entire society.
There is an undisputable interdependence between the ethics department and the professional
quality of the staff of one bank. As the banking system developed, the involved decision
factors are more and more aware – forced also by the increasing competition, by the more
demanding and more informed clients, but also by the changes in the financial-banking system
at an international level – of the necessity of building a bank-client relation based on
already established principles end ethics rules.
The ethics is approached under two aspects, one – of the fiancial – banking legislation,
at a national and international banking level, and also – of the own rules of banking behaviour
and practice. The unification of the banking codes and of the banking practice at a national
level and, particularly, at an international level are trends that manifest in the respect of banking
ethics.
At a national level, we can mention the ellaboration of some codes of banking practice
and behaviour that are issued by the banking associations in cooperation with the banks in
the system. These, considering the legislation in force and also the own banks’ conditions,
come to strengthen the preoccupations of harmonizing the ethics principles al the level of the
banking activity, as stated by Capraru (2009, pp. 91-92).
As an example, we can speak about the “Banking Ethics Code” of Romania that was
adopted on 21 st of May, 2009 by the General Meeting of the Romanian Banking Association
(ARB) and entered into force 90 days later. The members of the Romanian Banking Association
(ARB) decided to adopt the Banking Ethics Code based on a wider set of reasons, out
of which we are selecting the most important ones as listed in the Table no. 2, below: