Financial Regulation
The expression “Financial Regulation” denominates a kind of supervision that assigns guidelines for financial institutions. The main goal is to sustain the integrity of the whole financial system. As well financial regulation pursues other aims that are listed below:
- to keep the current law
- to obviate market rigging
- to save quality of financial services
- to defend the rights of clients
Authorities that regulate the financial system are absolutely essential. In the following a few important financial regulators from all over the world are named:
- U.S. Securities and Exchange Commission (SEC), USA
- Federal Deposit Insurance Corporation (FDIC), USA
- Financial Services Authority (FSA), UK
- Federal Financial Supervisory Authority (BAFIN), Germany
- Swiss Financial Market Supervisory Authority (FINMA), Switzerland
- China Securities Regulatory Commission (CSRC), China
- Securities and Exchange Commission (CVM), Brazil
- Investment Industry Regulatory Organization of Canada (IIROC), Canada
In Canada the financial regulation is not that much developed than in the USA, UK or China. Separate agencies are using the Canadian Securities Administrators for regulating their securities.
Another unique jurisdiction is the financial regulation in Australia. Usually the authorities regulate all fields of the financial system. In this country the Australian Prudential Regulation Authority (APRA) polices banks as well as insurance companies; and the Australian Securities and Investments Commission (ASIC) regulates the compliance with financial services and laws.
Financial Regulation is a field of Finance. If you are interested in this subject, you should consider a study in finance. On finanzas2000eu.com.co you can find more information about this topic and other fields of finance – Banks and Banking, Financial Market or Areas of Finance.