What is a self regulating organization? It is an organization which develops standards and assures that all its members follow them. The National Union as a federal network of financial cooperatives pays much attention to that all its members should respect the standards established within the network.


Activities of financial coops must be standardized. And it is desirable that financial coops do not have ten different types of standards. The standards already existing in federal financial cooperation networks should be uniform. Only then the common unified standards will allow evaluating the status of financial cooperation as a whole as well as now we can, for instance, evaluate the whole state of the banking sector.



Common standards permit to monitor financial coops both in regions and in the whole Russia, assure �transparency� of cooperatives and allow gathering statistic data.



If we as regional specialists in financial cooperation want to develop financial cooperation as a system, we must take part in work on standards and present it to the state regulating bodies.



We talk here not only about common standards of financial economic state of a financial coop, but also about common educational standards for employees of cooperatives, and about common legal standards.



Only implementation of a common approach to unified standards will permit financial cooperatives to become similar to each other, and similar objects can be consolidated in a system, and such a system will be viable and stable.