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Banca March - Crecemos con valores, crecemos juntosNews

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At Banca March, we want to keep you always informed, and this section gives you the opportunity to find out whatever you want to know about.

02/12/2020

Global Policy collaborates with Banca March to provide new guidelines on good governance in the banking sector

  • Banca March has sponsored the publication of a special edition of the academic journal Global Policy on good practices and corporate governance in banking, entitled Contemporary Issues in Banking.
  • The publication includes a number of studies presented at the First Congress on Contemporary Issues in Banking organised by Banca March in 2019.
  • The special issue has been coordinated by the professors Myriam García Olalla, of the University of Cantabria, and Camilo José Vázquez Ordás, of the University of Oviedo. It examines in depth the limitations and deficiencies in the corporate governance of many financial institutions on both sides of the Atlantic, as demonstrated during the last financial crisis.
  • In the opening article Rita Rodríguez Arrojo, the Executive Vice-Chairman of Banca March, highlights the unique business model of Banca March, based on "shared growth", and its implications for all the stakeholders.

The academic journal Global Policy, has published a special issue in collaboration with Banca March on the challenges faced by the banking sector in corporate governance issues. The publication, which can be accessed freely online, includes nine articles by researchers and academics from a number of Spanish universities.

The special issue has been coordinated by the professors Myriam García Olalla, of the University of Cantabria, and Camilo José Vázquez Ordás, of the University of Oviedo. It examines in depth the limitations and deficiencies in the corporate governance of many financial institutions on both sides of the Atlantic, as demonstrated during the last financial crisis.

Rita Rodríguez Arrojo, Executive Vice-President of Banca March, has written the opening article for this special issue. She sets out and analyses the Group's business model, its unusual position as an unlisted bank and the only one in Spain that is 100% family owned, and the pillars on which the business is based: shareholder commitment, exclusive products, outstanding quality service and excellent professionals. As she points out in the article: "This philosophy allowed us to weather the turbulence of the 20th century. As a result, an increasing number of savers are depositing their trust in our management model."

The First Congress on Contemporary Issues in Banking was organised last year by Banca March as the first step in analysing the challenges faced by the banking industry. Professors Myriam García Olalla, of the University of Cantabria, and Camilo José Vázquez Ordás, of the University of Oviedo, have coordinated the selection of works presented at the Congress and their subsequent inclusion in this issue of Global Policy.

The academic works examine in detail issues such as investment by banks in their digitalisation and how this affects their customers; the effects of capital and liquidity requirements on bank stability; the role of the ECB as a mechanism for reducing stock-market risks; changes in the corporate governance mechanisms of banks in the wake of the economic crisis; a behavioural analysis of savings decisions; misconduct and cultural risks in banking supervision; and the relationship between the crisis of 2009 and precautionary cash handling in companies.

Banca March has been unwavering in its philosophy based on growth that is shared with customers, employees, shareholders and society in general. That is why it has sponsored the publication of this journal, which is committed to collaboration with the academic community. "This issue is notable not only because of the excellence of all the articles included, but because it will be of use to all banking professionals," explained Rita Rodríguez Arrojo, Executive Vice-President of Banca March. "Banca March is very proud of having promoted and participated in this project. We are convinced of the great value of the findings that the academic community can contribute and believe that they can serve as a platform for debate and as a reference for making progress towards a more sustainable and integrative economic system."

The articles can are available free at this link.

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