The peculiarity of the State Commission for Regulation of Financial Services Markets activity that distinguishes it from the old Commission, is collegial decision-making policy, covering registration, licensing and permission issues, the head of the Commission Andriy Stasevsky told an online conference, which runs on ForUm.
"The collegiality principle minimizes subjective factor. It is necessary to improve the regulatory framework to eliminate all far-fetched, unnecessary, ambiguous, contradictory norms," he stressed.
Also, according to the official, the qualifications and responsibilities of financial institutions staff should be upgraded to prevent from doing errors in their work.
"These measures can significantly reduce the basis for corruption. It is necessary to select qualified personnel and to immune them against corruption," Stasevsky summed up.
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