THE ESTABLISHMENT OF THE INSTITUTE OF FINANCIAL OMBUDSMAN IN THE RUSSIAN FEDERATION: FINANCIAL AND LEGAL ASPECT
This article describes current state of institute of financial ombudsman in Russia as an alternative disputes resolution. The article is devoted to consideration of the new function of the Bank of Russia for protection of the rights of participants in the financial market. The fixing of the legal status of the financial ombudsman by federal law it is important for the development of the Russian ﬁ nancial market. It is proved that the ﬁ nancial ombudsman should be an effective means of pre-trial settlement of disputes between individual consumers and ﬁnancial services companies.