Contemporary Aspects of Financial – Banking Responsibility


We all as individuals have responsibility for any decisions, in terms of time, value and risk. In time, the system in which we are evolving requires different behaviors that are in alignment with our interests, as individuals, as organizations or as institutions. The paper brings into attention the concept of financial responsibility manifested in financial – banking environment, as a concept and as a species of financial education (or literacy). The main aim of this article is to evaluate the awareness, the manifestation and the importance of financial responsibility in Romania. The primary results reveal the fact that financial responsibility can improve the positive effects on individual’s welfare, and also the good impact that the financial system has on market economy.  Moreover,  here it is also evaluating the impact of financial education on  the financial responsibility manifestation, as well as the theoretical interdependence ratio between those two terms – financial responsibility and financial education/literacy.

Keywords: financial – banking responsibility, moral hazard, financial education.

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