The Current Status of Trust in the Financial Sector: International and National Review

Abstract

The article is aimed at exploring the existing approaches to measurement of trust and carrying out an analytical review of trust in the financial sector of the world countries. Among the available to exploring approaches to trust measurement are both foreign and national indicators of trust measurement. The article provides an analytical review of the status of trust in the financial sector world-wide and the status of trust in banks in individual world countries. The level of trust among the population is also considered in terms of attributes of age and of financial literacy. The level of trust is determined on the basis of world studies, such as Edelman Trust Barometer, World Values Survey (WVS), Statista and national researches carried out by the Kyiv International Institute of Sociology (KMIS) and the Institute of Sociology of the National Academy of Sciences of Ukraine (Institute of Sociology NANU).

Keywords

• level of trust
• financial sector
• trust to banks