Open AccessRationale, Past and Future of Financial Consumer Protection
Author(s) -
Hong Joo Jung
Publication year - 2017
Publication title -
international review of financial consumers
Language(s) - English
Resource type - Journals
eISSN - 2508-464X
pISSN - 2508-3155
DOI - 10.36544/irfc.2017.1-1.1
Subject(s) - business , engineering ethics , engineering
This short article, written by the President of the IAFICO, reviews philosophical rationales of financial consumer protection (FCP) and its past and future in general. After introducing five different perspectives of the FCP, the author makes a comment on the evolution of the FCP to emphasize the importance of strengthening traditional way of FCP in spite of new technological development.Although technological advancement may reduce the need of FCP to some degree, the new wave of FCP cannot succeed without accomplishing the existing FCP system.