Translartion. Region: Russians Fedetion –
Source: Central Bank of Russia –
The Bank of Russia has determined basic principles fair behavior in the financial market. They are aimed at promoting business and ethical standards, creating a trusting environment and protecting the rights and interests of consumers.
The document is a set of rules that market participants should adhere to. It is based on the provisions of the previously developed draft Code of Good Conduct. Its updated version is based on eight “pillars”: honesty, fairness, transparency, care, safety, professionalism, responsibility and integrity.
The principles are advisory in nature and can be implemented in the standards and codes of self-regulatory organizations, professional associations (unions) both in full and separately, and can also become the basis for the corporate culture of financial organizations. Market participants have the right to declare their commitment to the principles of fair behavior on their websites and other resources.
The Bank of Russia’s methodological recommendations will create incentives for the further development of internal control systems, the identification and suppression of unfair and illegal behavior in the financial market.
Preview photo: PeopleImages.com – Yuri A / Shutterstock / Fotodom
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect
HTTPS: //VVV.KBR.ru/Press/Event/? ID = 23370