On the phenomenon of trust in the financial and legal sphere

Every day, rapidly changing social relations are influenced by a number of factors, both positive – the development of artificial intelligence, the convenience of financial activities through the use of gadgets, communication in social networks, the formation of an electronic state and the expansion of the role of the principle of openness of state activity to its citizens, and negative ones – crises (epidemiological, financial, demographic, etc.), sanctions of foreign states, dynamic decline/rise in unemployment, etc. One way or another, all these factors contribute to changes in the index of trust, both of society in the state and the state in society. At the same time, the processes that invariably take place in society give rise to the need for the state to comply with the level of their development, as well as the need to justify the trust of the citizens of their country. The financial and legal sphere is no exception, especially since it is it that is subject to radical changes due to the emergence of a new era of digital technologies and a digital market economy. The study is a multidimensional reflection on trust, its manifestation in public and private law, a comparison of the mechanisms that determine the level of trust, an analysis of regulatory legal acts and judicial practice for the manifestation of trust in certain respects.