The infrastructure of the Romanian financial system in the current crisis

Abstract

International macroeconomic an financial environment is subjected totension but remains relatively strong, even if is a visible slowdown in economicgrowth in some countries, it materializes the asset price correlation dueperceptions adjustment regarding risk, and financial market characteristicschanges significantly.Systemically important components in the financial system architectureare represented by the payment and settlement system for financialinstruments. These systems, from their implementation until now, did not facedparticular problems because of high standards observance in terms of safetyand operational efficiency and the measures taken by the central bank.