Open AccessTen Points of Sustainable Banking
Author(s) -
András Becsei,
Péter Csányi,
Attila Bógyi,
Ildikó Kajtor-Wieland,
Levente Kovács
Publication year - 2021
Publication title -
economy and finance
Language(s) - English
Resource type - Journals
eISSN - 2677-1322
pISSN - 2415-9379
DOI - 10.33908/ef.2021.3.1
Subject(s) - sustainability , context (archaeology) , business , legislature , point (geometry) , sustainable development , retail banking , accounting , finance , political science , ecology , paleontology , geometry , mathematics , law , biology
Over the past decades, it has become more and more obvious that the banking system has contributed to the implementation of sustainability goals in a more committed manner in terms of both its institutional operation and in the course of the fulfilment of its tasks. In domestic context, there have been initiatives; however, it may be necessary to lay down principles pointing towards sustainable banking, which can strengthen the sustainability of the banking sector at systemic level, as well as the contribution of banks to the achievement of sustainability goals. On the one hand, the study introduces successful legislative initiatives related to the 22-point digitalisation proposal package of the Hungarian Banking Association, on the other hand, it points out that long-term sustainability and competitiveness of banking operation can be achieved by the optimisation of current processes as well as by effective and competitive data management through green financing activity. The definition of more exact steps along the aforementioned goals can lead to spectacular advancement in the fields of strengthening the sustainability and the sustainability effect of the Hungarian banking system.