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Financial Leaders' Hall of Fame 2021

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Business Arena Magazine is proud to announce the 2021 edition of its annual event dedicated to the leaders in the financial market:
Financial Leaders’ Hall of Fame 2021


Experts from the financial and baking sectors, directors of investment funds, leaders of some of the largest companies in Romania, representatives of the local authorities, high government officials and diplomats are invited to take part in this exclusive event.
According to a McKinsey report, "the profound humanitarian fallout of the COVID-19 crisis carries with it the potential equally disruptive economic fallout. The path ahead is hence a precarious one, driven by epidemiological uncertainty, the unique blend of resulting shocks to both supply and demand, and “preexisting conditions” in the global macroeconomy."
The same source noted that "addressing the situation will require further global action and public–private coordination. Banks around the globe will play a critical role in this as systemic stabilizers for their customers, their employees, and for their economies at large. Cash and deposit services, credit extension, payment facilitation, and market making are all essential services."
It also revealed that "banks have already taken a series of actions in reaction to the spread of COVID-19. Common steps we’ve seen include establishing a central task force, curtailing travel, suspending large-scale gatherings, segregating teams, making arrangements for teleworking, and refreshing external-vendor-interaction policies."
In addition, the report pointed out that beyond these "immediate and basic actions", banks should prioritize three measures tailored to the particular combination of biological and market stresses and how they affect the global market. Thus, they should focus on normalizing workforce measures for multimonth sustainability, providing essential banking services to retail consumers, and fulfilling a social mission to support households and businesses with credit.




 
In this context, Business Arena Magazine is proud to recognize the achievements and successes of banks, financial institutions and business leaders that find the winning strategies in spite of the challenging economic background.


In preparation for this year’s edition of the traditional awards gala dedicated to the financial sector, Business Arena keeps an eye on the latest developments in the field, and it is also going to invite its readers to submit their own nominations for the various award categories.
 

For more information please contact Cosmin Stangaciu at cosmin.stangaciu@business-arena.ro or phone 0755.274.125




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