THE MODERN STATE OF LEGAL REGULATION OF BANK SECRECY IN THE CIS COUNTRIES

• Main Authors: A. A. Fatyanov, Yu. M. Saranchouk
• Format: Article
• Language: Russian
• Published: Government of the Russian Federation, Financial University 2017-10-01
• Series: Финансы: теория и практика
• Subjects: banking secrecy; trade secrets; confidential information; a system for limiting access to information; the basis of primary and secondary secrets; the participating states of the cis
• Online Access: https://financetp.fa.ru/jour/article/view/147
• ISSN: 2587-5671; 2587-7089

Bank secrecy is an important element in the stability of the financial system, it actively participates in solving such important for the stability of the financial (monetary) system tasks as the reduction of cash in their economies; enhance incorporation of monetary resources of citizens and legal entities in the economic cycle by transferring them at the disposal of credit institutions; the strengthening of confidence in the banking system and the financial system of the state in general. Bank secrecy solves the problem of protection from criminal attacks, preventing from obtaining a criminal environment information about the financial situation of private individuals and legal entities that in the modern world is also an important social and political task. Banking the mystery of how the legal system restrictions in the access to information refers to the institutions of trade secrets, that is, protection of a certain category of information is a professional responsibility of employees of the credit institution arising from the legislation. The participating States of the CIS are devoting this issue of significant importance, or taking certain legislative acts, or by incorporating into the composition laws on banks and banking activities in a separate Chapter. The work was carried out a comparative legal study of the current state of the legal regulation in the sphere of banking secrecy on the experience of the States-participants CIS. Using the work of comparative legal analysis aimed at clarifying the vector along which the development of legislation in States - participants of the CIS in the sphere of protection of banking secrecy and the possibility of using of the progressive tendencies in the Russian legislation.