Financial regulation
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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.
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[edit] Aims of regulation
The specific aims of financial regulators are usually:
- 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
- To maintain confidence in the financial system
[edit] Authority by Country
- See main article List of financial regulatory authorities by country
The following is a short listing of regulatory authorities in various jurisdictions, for a more complete listing, please see list of financial regulatory authorities by country.
- U.S. Securities and Exchange Commission (SEC), USA
- Securities and Exchange Surveillance Commission (SESC), Japan
- Investment Dealers Association of Canada (IDA), Canada
- Irish Financial Services Regulatory Authority, Ireland
- Financial Services Authority (FSA), UK
- Autorité des marchés financiers (AMF), France
- Financial Supervisory Commission (FSC), Taiwan
- China Securities Regulatory Commission (CSRC), People's Republic of China
- China Insurance Regulatory Commission (CIRC), People's Republic of China
- China Banking Regulatory Commission (CBRC), People's Republic of China
- Securities and Exchange Commission of Pakistan, Pakistan
- Comisión Nacional Bancaria y de Valores, Mexico
- Security and Exchange Board of India, India
[edit] Unique jurisdictions
In 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.
[edit] See also
[edit] External links
- Securities Lawyer's Deskbook from the University of Cincinnati College of Law
- Securities Law Home Page
- The Compliance Exchange Jonathan Halsey's financial regulation research resource