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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.
Aims of regulation
The specific aims of financial regulators are usually:
- To minimize 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
Authority by Country
- U.S. Securities and Exchange Commission (SEC), USA
- Investment Dealers Association of Canada (IDA), Canada
- 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)
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.See also
External links
- Securities Lawyer's Deskbook from the University of Cincinnati College of Law
- Securities Law Home Page
"Financial regulation"