Publication:
Improving Protection in Financial Services for Russian Consumers

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dc.contributor.authorRutledge, Sue
dc.date.accessioned2012-08-13T10:46:15Z
dc.date.available2012-08-13T10:46:15Z
dc.date.issued2009-12
dc.description.abstractOver the last decade, consumer credit in the Russian Federation has expanded from almost nothing to 9.2 percent of Gross Domestic Product (GDP) in 2008. This is an average increase of 84 percent a year for five years. Recent developments in financial markets have highlighted the need for consumer protection and financial literacy for the long-term health of the financial sector. The rapid growth of household lending has been accompanied by an increase in the number of households that have difficulty in understanding the risks and obligations that they assume, or the full range of choices available. In the United States mortgage markets for instance, complex financial contracts were sold to borrowers, some of whom had weak credit histories. The consequences were disastrous, and highlight the importance of consumer protection and financial education to prevent other similar events.en
dc.identifierhttp://documents.worldbank.org/curated/en/2009/12/11677144/improving-protection-financial-services-russian-consumers
dc.identifier.doi10.1596/10221
dc.identifier.urihttps://hdl.handle.net/10986/10221
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesEurope and Central Asia Knowledge Brief; Volume No. 13
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO FINANCIAL EDUCATION
dc.subjectARBITRATION
dc.subjectASSETS
dc.subjectBAD INVESTMENT
dc.subjectBANK ACCOUNTS
dc.subjectBANK FINANCING
dc.subjectBANKING SECTOR
dc.subjectBANKRUPT
dc.subjectBANKRUPTCY LEGISLATION
dc.subjectBANKRUPTCY PROCEDURE
dc.subjectBANKRUPTCY PROCEDURES
dc.subjectBANKS
dc.subjectBEST PRACTICES
dc.subjectBORROWINGS
dc.subjectBUDGET PLANNING
dc.subjectBUSINESS MODEL
dc.subjectBUSINESS PRACTICES
dc.subjectCAPABILITY
dc.subjectCAR REPAIRS
dc.subjectCENTRAL BANK
dc.subjectCHECKS
dc.subjectCOLLECTION AGENCIES
dc.subjectCOLLECTION OF PAYMENTS
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMPOUND INTEREST
dc.subjectCONSUMER
dc.subjectCONSUMER COMPLAINTS
dc.subjectCONSUMER CONFIDENCE
dc.subjectCONSUMER CREDIT
dc.subjectCONSUMER DEBTORS
dc.subjectCONSUMER DISCLOSURE
dc.subjectCONSUMER LENDING
dc.subjectCONSUMER PROTECTION
dc.subjectCONSUMER RIGHTS
dc.subjectCONSUMER SPENDING
dc.subjectCONSUMERS
dc.subjectCONTACT POINT
dc.subjectCONTRACT PROVISIONS
dc.subjectCONTRIBUTION
dc.subjectCREDIT COOPERATIVES
dc.subjectCREDIT HISTORIES
dc.subjectCREDIT PROVIDERS
dc.subjectCREDIT REPORTING
dc.subjectCREDIT RISK
dc.subjectCREDITS
dc.subjectDEBT
dc.subjectDEBT COLLECTION
dc.subjectDEBT COLLECTORS
dc.subjectDEBTORS
dc.subjectDEPOSIT
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectDISPUTE RESOLUTION
dc.subjectDISPUTE RESOLUTION MECHANISMS
dc.subjectEXPOSURE
dc.subjectFINANCIAL CONSUMER
dc.subjectFINANCIAL CONSUMERS
dc.subjectFINANCIAL CONTRACTS
dc.subjectFINANCIAL DECISIONS
dc.subjectFINANCIAL EDUCATION
dc.subjectFINANCIAL EDUCATION INITIATIVES
dc.subjectFINANCIAL EDUCATION PROGRAMS
dc.subjectFINANCIAL FUTURE
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL ISSUES
dc.subjectFINANCIAL LITERACY
dc.subjectFINANCIAL LITERACY SURVEY
dc.subjectFINANCIAL LITERACY SURVEYS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL QUESTIONS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL SERVICE
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SERVICES PROVIDERS
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL STRATEGIES
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL TRANSACTIONS
dc.subjectFRAUDS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectINDIVIDUAL CONSUMER
dc.subjectINDIVIDUAL CONSUMER DEBTORS
dc.subjectINDIVIDUAL CONSUMERS
dc.subjectINDIVIDUAL DEBTORS
dc.subjectINFORMATION DISCLOSURE
dc.subjectINFORMED CONSUMERS
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINVESTING
dc.subjectINVESTMENT ADVICE
dc.subjectINVESTMENT DECISIONS
dc.subjectINVESTMENT FUNDS
dc.subjectLEGAL FRAMEWORK
dc.subjectLENDERS
dc.subjectLIQUIDATION
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY RISK
dc.subjectLONG-TERM SAVINGS
dc.subjectLOW-INCOME
dc.subjectLOW-INCOME PEOPLE
dc.subjectMANDATE
dc.subjectMARKET DISCIPLINE
dc.subjectMARKET FAILURE
dc.subjectMARKET RISKS
dc.subjectMORTGAGE
dc.subjectMORTGAGE MARKETS
dc.subjectMORTGAGES
dc.subjectNEW INVESTORS
dc.subjectPAYMENT SERVICE
dc.subjectPAYOFF
dc.subjectPENSION
dc.subjectPENSION FUNDS
dc.subjectPENSION PLANNING
dc.subjectPENSION SCHEMES
dc.subjectPERSONAL BANKRUPTCY
dc.subjectPERSONAL INFORMATION
dc.subjectPRIVACY
dc.subjectPRIVATE FINANCIAL SECTOR
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPROFESSIONAL ASSOCIATION
dc.subjectPROFESSIONAL ASSOCIATIONS
dc.subjectRAPID GROWTH
dc.subjectREAL ESTATE
dc.subjectREORGANIZATION
dc.subjectRESIDENTIAL MORTGAGES
dc.subjectRESIDENTIAL REAL ESTATE
dc.subjectRESULT
dc.subjectRESULTS
dc.subjectSAVINGS
dc.subjectSECURITIES
dc.subjectSENIOR
dc.subjectSERVICE PROVIDERS
dc.subjectSTANDARD CONTRACT
dc.subjectSTATE PENSION
dc.subjectSUPERVISION
dc.subjectSUPERVISORY AGENCY
dc.subjectTARGETS
dc.subjectTRANSPARENCY
dc.subjectTRUST FUND
dc.subjectUNFAIR PRACTICES
dc.subjectVALUABLE
dc.titleImproving Protection in Financial Services for Russian Consumersen
dspace.entity.typePublication
okr.date.doiregistration2025-04-29T09:23:14.595172Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2009/12/11677144/improving-protection-financial-services-russian-consumers
okr.globalpracticeFinance and Markets
okr.globalpracticeTransport and ICT
okr.globalpracticeTrade and Competitiveness
okr.guid218271468144292381
okr.guid251121468037740946
okr.identifier.externaldocumentum000333037_20100121001218
okr.identifier.internaldocumentum11677144
okr.identifier.report52798
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/01/21/000333037_20100121001218/Rendered/PDF/527980BRI0ECA010Box345583B01PUBLIC1.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryRussian Federation
okr.topicPrivate Sector Development::E-Business
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Financial Literacy
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.unitFinancial Sector 2 (ECSF2)
okr.unitOffice of the Regional Vice Pres (ECAVP)
okr.volume1 of 1
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