Financial regulation
From Free net encyclopedia
Financial regulations are a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the integrity of the financial system. This may be handled by either a government or non-government organization.
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Aims of regulation
The specific aims of financial regulators are usually:
- To minimise financial loss of depositors in banks or policy holders of insurance companies
- To enforce applicable laws
- To prosecute cases of market misconduct, such as insider trading
- To license providers of financial services
- To protect clients, and investigate complaints
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Authority by Country
- U.S. Securities and Exchange Commission (SEC), USA
- Irish Financial Services Regulatory Authority, Ireland
- Financial Services Authority (FSA), UK
- Authorité des Marchés Financiers (AMF), France
- China Securities Regulatory Commission (CSRC), People's Republic of China
- Comisión Nacional Bancaria y de Valores, Mexico
- Financial Supervisory Authority, Sweden
- Financial Supervisory Authority, Finland (Rahoitustarkastus in Finnish, abbr. RATA)
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Australia
The Australian Prudential Regulation Authority (APRA) supervises banks and insurers. Australian Securities and Investments Commission (ASIC) is responsible for enforcing financial services and corporations laws.
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See also
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External links
- Securities Lawyer's Deskbook from the University of Cincinnati College of Law
- Securities Law Home Page