Publication details
Institutional financial consumer protection in Czech republic and Poland
| Authors | |
|---|---|
| Year of publication | 2023 |
| MU Faculty or unit | |
| Citation | |
| Description | The financial market plays a crucial role in economic growth, but it also poses risks to consumers who may not have the expertise to navigate its complexities. This article examines the importance of consumer protection in the financial market, legal background for the regulation including the stable and effective institutional set up of the consumer protection in Poland and Czech Republic. The article also discusses various initiatives that have been implemented to safeguard consumers in the financial market, such as regulations and policies designed to prevent deceptive practices and fraudulent behaviour. Finally, the article highlights the challenges facing consumer protection in the financial market regarding the institutions dealing with the consumer protection, including the need for more effective enforcement mechanisms. The financial market plays a crucial role in economic growth, but it also poses risks to consumers who may not have the expertise to navigate its complexities. This article examines the importance of consumer protection in the financial market, legal background for the regulation including the stable and effective institutional set up of the consumer protection in Poland and Czech Republic. The article also discusses various initiatives that have been implemented to safeguard consumers in the financial market, such as regulations and policies designed to prevent deceptive practices and fraudulent behaviour. Finally, the article highlights the challenges facing consumer protection in the financial market regarding the institutions dealing with the consumer protection, including the need for more effective enforcement mechanisms. The financial market plays a crucial role in economic growth, but it also poses risks to consumers who may not have the expertise to navigate its complexities. This article examines the importance of consumer protection in the financial market, legal background for the regulation including the stable and effective institutional set up of the consumer protection in Poland and Czech Republic. The article also discusses various initiatives that have been implemented to safeguard consumers in the financial market, such as regulations and policies designed to prevent deceptive practices and fraudulent behaviour. Finally, the article highlights the challenges facing consumer protection in the financial market regarding the institutions dealing with the consumer protection, including the need for more effective enforcement mechanisms. |