Financial products - consumer protection in condition of crisis
Financial products - consumer protection in condition of crisis

Summary/Abstract: The application of lax regulations in the financial sector takes place at a time when the financial crisis is already contagious. When the authorities hesitate to compel recognition on the market through stronger regulations, this hesitation can lead to major disruptions in the clients’ trust capital. More importantly, the enforcement of these regulations should be followed up in every state, and, in case of irregularities, clear recovery, correction and penalty measurements should be applied for that particular state.

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