Leonardo Badea – First Vice-Governor of the BNR: Financial Intermediation – Between Reality and Potential

Autor Leonardo Badea 

In this article, I intend to revisit the topic of financial intermediation and its growth prospects, since I consider it essential for Romania’s sustainable economic development.

Financial intermediation is not just a matter of accounting reports or system indicators. It fundamentally expresses:

• the trust-based connection between the real economy and the financial system;
• the trust of the population and entrepreneurs in the fair, transparent, and consistent application of economic rules, with a focus on the general interest;
• the confidence of banks that they can take calculated risks within a predictable framework;
• and, just as importantly, the confidence of policymakers that market mechanisms c...