Abstract
The main characteristics of modern financial and credit institutions are flexibility, ability to adapt to changes in conditions of risk and uncertainty. The process of adaptation may have low efficiency without intensive monitoring of financial and credit institutions’ operation in direction of improving their technological basis. The article is devoted to some aspects of monitoring directions of financial and credit institutions’ transformational development. The social environment acts as a final consumer of banking services and determines the features of the transformation process in the Russian Federation. The research results can be used in generalized form in managerial and financial environment to improve effectiveness of the infrastructure development based on informational and technology platforms. The main contribution of the research is to identify changes in the mechanism of relationship of managed and managerial systems, identification of modern communication tools, reasoning of emergence and development of social and economic directions of financial and credit institutions’ transformational development.
Highlights
Conditions for the on-line work in financial and economic space have been created in Russia for the past twenty years
The regulator recommended in writing to commercial banks and stock institutions to test investors for the knowledge of the complex integrated products application mechanism prior to processing the sales transactions. [1]
Representatives of the CB RFare concerned that many of the above investors were confused with regards to the work with similar tools
Summary
As a part of the struggle with "illegal money laundering", the Central Bank of the Russian Federation (CB RF) exercises targeted operation to control the "economic purity" of the transactions in financial market. A large number of investors, who did not work earlier in the stock market, have emerged in the economic space of the country, i.e. individuals, not having professional knowledge in the investment field, but willing to find any methods to retain and increase their savings (non-qualified investor). The regulator’s representatives are concerned about low financial qualification of the investors, directing their assets to the funds accumulation projects implementation, using complex investment products, having unpredictable pricing mechanism, the effective application of which is available only for qualified investors, having knowledge and competencies on their use, experience and economic forecast of the funds reduction. The investors are misinformed by financial and credit consultants about presence of a coupon with protection of the principal debt amount on bonds and other similar products
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