INCREASING EFFICIENCY OF SELF-REGULATING ORGANIZATIONS OF INSOLVENCY OFFICERS

Abstract

Improving types of public regulation, using potentials of self-regulation institution, including self-regulating organizations of insolvency officers (SRO) are gaining crucial importance these days. Inspite the requirements set for insolvency officers (IO), their professionalism and the quality of their work remain poor, the number of administrative violations is rising. SRO hardly manage to control IO professional activities and their compliance with applicable law. The salvation for this problem lies in eliminating existing inefficient norms and searching for ways of improving efficiency of IO and SRO professional activities.

Keywords

• bankruptcy institution
• self-regulating organizations of insolvency officers
• crisis managers
• administrative violations
• control (supervision) agency
• efficiency of io activities
• insolvency officers’ ratings