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Abstract

In Russia the existing measures of civil liability for disclosure of bank secrecy contribute to the prevention of non-fulfillment of obligations and the restoration of the situation of credit institutions only to a small extent. Thus, the Civil Code of the Russian Federation grants the creditor the right to recover damages. However, it is practically impossible to prove the size of the real damage and loss of profit, as well as the causal relationship between the disclosure of secrecy and losses in fact.

The authors discuss the issue of the possibility of introducing legal design of liquidated damages into domestic civil law, which, in their opinion, can minimize the risk of disclosure of information constituting bank secrecy. This is confirmed by the successful experience of applying the design abroad.

The article contains an assessment of the possibility of applying liquidated damages to ensure the safety of banking organizations in modern Russian conditions.

References

Civil Code of the Russian Federation. Retrieved on January 26, 1996 // RLB "ConsultantPlus".

Constitution of the Russian Federation. Retrieved on December 12, 1993 // Rossijskaja Gazeta, 1993. № 237.

Customs Code of the Customs Union. Retrieved on November 27, 2009 // RLB "ConsultantPlus".

Federal Law "About Banks and Banking Activities». Retrieved on December 2, 1990 // RLB "ConsultantPlus".

Federal Law "On Banks and Banking Activities". Retrieved on December 2, 1990 // RLB "ConsultantPlus".

Federal Law "On Credit Histories". Retrieved on December 30, 2004 // RLB "ConsultantPlus".

Federal Law "On Currency Regulation and Currency Control". Retrieved on December 10, 2003 // RLB "ConsultantPlus".

Federal Law "On Customs Regulation in the Russian Federation". Retrieved on November 27, 2010 // RLB "ConsultantPlus".

Federal Law "On Information, Information Technologies and Information Protection". Retrieved on July 7, 2006 // RLB "ConsultantPlus".

Gorbatov, K. (2015) Kak dorogo obojdetsja razglashenie bankovskoj tajny. Tass. URL: http://tass.ru/ opinions/1666851 (Date Accessed: 09.08.2017).

Sergeev, A.P., Tolstoi, Ju.K. (2000). Civil Law: textbook. Moscow, Russia: Statut.

Recommendations for standardization of the Bank of Russia "Ensuring Information Security of Organizations of the Banking System of the Russian Federation: Ensuring Information Security with the Use of Virtualization Technology" RS BR IBBS-2.8-2015.

Sapozhnikov, N. (2001) Pravovoj rezhim bankovskoj tajny. Zakonnost', № 7.

Selivanovskij, I. (2006) Bankovskaja tajna: sostojanie i problem. Buhgalterija i banki. № 9.

Standard of the Bank of Russia: "Providing information security of organizations of the banking system of the Russian Federation. Collection and analysis of technical data in response to incidents of information security in money transfers" (STO BR IBBS-1.3-2016).

Standard of the Bank of Russia: "Providing information security of organizations of the banking system of the Russian Federation. General provisions" (SRT BR IBBS-1.0-2014).

Standard of the Bank of Russia: "Providing information security of organizations of the banking system of the Russian Federation. Methodology for assessing the compliance of information security of organizations of the banking system of the Russian Federation with the requirements of the SRT BR IBBS-1.0 - 2014" (SRT BR IBBS-1.2-2014).

Standard of the Bank of Russia: "Providing information security of organizations of the banking system of the Russian Federation. Information security audit of SRT BR IBBS-1.1-2007" (SRT BR IBBS-1.1-2007).

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