Transformation of the Banking System as a Way to Minimize Information Asymmetry

Transformation Of The Banking System

“…is two-sided. Incomplete information can be provided by both a bank's representative and a client (Kuzmina et al, 2020). Asymmetry is shown in its uneven distribution between the parties of the transaction.…”

Review of information asymmetry in banking in the Russian Federation

“…The most universal and effective way to combat the fiasco is to strengthen the role of the institution of state regulation of this segment, taking into account the objective factors of banking system transformation in the context of its digitalization. Changes in the functionality of banks in modern conditions, their search for a new profile of activities will contribute to the successful fight against failures in the banking market (Kuzmina et al , 2019). In the light of the above, it should be understood that the task of the legislator is not to establish a reward for good faith, but to prevent, if possible, the violation of the correct course of economic processes (Novitskiy, 2006).…”

“…To form a legal definition of the concept of information asymmetry and to highlight the features of its manifestation in banking legal relations as unfair behavior, it is necessary to correlate and delineate it from related concepts to identify its preconditions, as well as forms of manifestation. Modern research related to information asymmetry in banking is devoted to the following issues: the use of corporate social responsibility to mitigate information asymmetry in the banking sector (Semenescu and Curmei, 2015); information asymmetry in the banking sector of emerging financial markets (Boateng et al , 2018; Nyoni, 2018; Abdelhafid and Mohammed, 2019); transformation of the banking system as a way to minimize information asymmetry (Kuzmina et al , 2019); the impact of mergers and acquisitions on information asymmetry in the banking sector (Howe and Morillon, 2020); information asymmetry in bitcoin transactions (Ante, 2020); information asymmetry and investor protection (Haeberle, 2019); and the problem of information asymmetry in the Russian banking market (Aldushkina, 2016). …”

“…transformation of the banking system as a way to minimize information asymmetry (Kuzmina et al , 2019);…”

“…It should be noted that information asymmetry in banking under the conditions of the Russian legal system is studied, as a rule, within the framework of economic theory (Kuzmina et al , 2019; Mikheeva, 2020; Mikhalova and Alikov, 2019). At the same time, being more of an economic concept, from the point of view of jurisprudence, information asymmetry is practically not considered in modern research.…”