Spectator on facebook

Spectator on facebook

Finance Ministry wants to protect clients on the financial market

The Finance Ministry has sent for interdepartmental review its draft bill on financial intermediation and consulting.

The Finance Ministry has sent for interdepartmental review its draft bill on financial intermediation and consulting.

The ministry initiated this new legislation in order to secure consumer protection in the process of provision of financial services and entering into contract relations. The Finance Ministry deems it necessary to secure appropriate protection for clients, mainly for those who are easily influenced and whose knowledge of the financial market is insufficient for qualified, rational and independent decisions.

According to the Finance Ministry, it is necessary to eliminate differences in legislation governing financial intermediation and financial consulting that exist in legal rules for individual financial market sectors and to cover those spheres of the market that have not been regulated yet. SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

How did Communism happen in Czechoslovakia?

For the 40 years, Czechs and Slovaks would celebrate February 25 as Victorious February, even though the enthusiasm of most of those who supported Communists in 1948 would very quickly evaporate.

Prime Minister Klement Gottwald (right) swears an oath into the hands of President Edvard Benes on February 27, 1948 at the Prague Castle.

Cemetery with a remarkable creative concept Photo

The shapes of tombstones were prescribed until 1997

Vrakuňa Cemetery in Bratislava

Being young is harder than it used to be

The failure of older generations to sympathise with youth means politics are primarily a contest of who can hand out more gifts to old people.

Young Slovaks have problems finding proper jobs.

Historian: After 1948, Czechoslovakia was paralysed with fear

On February 25, Czechs and Slovaks mark 70 years since the rise of Communism in their common state. Historian Jan Pešek talks about the coup and its aftermath.

Demonstration in Prague, Wenceslas' Square, on February 28, 1948.