THE EFFECT OF THE FINANCIAL CRISIS ON THE FINANCIAL SITUATION OF THE BANKS
THE EFFECT OF THE FINANCIAL CRISIS ON THE FINANCIAL SITUATION OF THE BANKS

Summary/Abstract: The effect of the crisis was perceptible in several ways. Companies became bankrupt, families outran the constable. Numerous problems arose also in the financial sector. These problems had an effect on the operation of the economy. All of these factors generated the changing of the regulation of the banking sector. The purpose of my paper is to reflect that the credit institutions took excessive risk and these institutions did not get ready to the crisis and it’s accompany. The existing regulation was not effective, stricter regulation was needed. I would like to disclose the effect of the crisis on the operation of one of the biggest Hungarian, German and Romanian credit institution and examine the financial situation and the strategy of these banks after the crisis. In the final chapter of my paper I would like to introduce the changes of the bank regulation, the theoretical background of the Basel II. Accord, the problems with this Accord and the Basel III Accord.

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