Abstract
Financial legal area is very important and it is necessary to pay it attention especially in the area, where the subjects of financial legal relations are from objective reasons not able to provide the necessary information to protect their property interests. Historically, this was not the area (formerly known as supervision; respectively state supervision) that was given deserved attention.
Especially in a post-totalitarian period the regulation and the related procedures for verifying the accuracy and regulatory compliance was underestimated. The resistance to control itself continued, which was seen as a tool of the Communist Party and as a toll for repression.
Legal regulation in the post-revolutionary period was totally inadequate and its absence has proven to be destructive. The state, instead of initiate immediate adoption of adequate legislation protecting consumers in particular, betted on self-regulation and mistakenly believed, that the market and the awareness of citizens are sufficient.
This approach proved to be a fatal mistake, especially after a long period of totality, where the population has not been led to responsibility for their funding and management with it.