On October 25, 2022, the FinU hosted an open lecture by Mikhail Mamuta, a member of the Bank of Russia Board of Directors, Head of the Service for Consumer Protection and Ensuring the Financial Services Availability.

The topic of the meeting with students and faculty was ensuring personal financial security. The event was held as part of the “Share Your Knowledge” All-Russian education campaign. The organizer of the open lecture was the FinU Institute for Financial Literacy. The meeting was moderated by Svetlana Solyannikova, Vice-Rector for Scientific Work and Svetlana Bryukhovetskaya,  Vice-Rector for Marketing and Work with Applicants.

At the beginning of his presentation, Mikhail Mamuta briefly spoke about the main functions of the regulator, its role in the Russian economy and stressed that financial literacy is one of the most important areas of activity for the Bank of Russia, since increasing the level of citizens’ financial knowledge has a positive impact on everyone’s personal financial security, and is also a significant factor in economic development at the regional and federal levels. He added that financial market development is impossible without high-quality protection of the financial services’ consumer rights.

Mikhail Mamuta also spoke about the financial market development strategy until 2030 and measures to stimulate the conscientious behavior of financial organizations. The expert specified changes in legislation, mechanisms for protecting investors’ rights and the challenges faced by newcomers to the stock market. 

After the lecture, the participants of the meeting were able to personally question Mikhail Mamuta about the risks of investing, the use of new online banking services, and the setting up of a personal financial security strategy.

Summing up the meeting, Mikhail Mamuta thanked the participants for an interesting and constructive dialogue and wished them success in mastering modern financial instruments and managing personal assets.