Regulators & Authoritative Groups

Question 1

SEC

Answer 1

Securities and Exchange Commission

Capital Markets

Question 2

FINRA

Answer 2

Financial Industry Regulatory Authority

Capital Markets

Question 3

CFTC

Answer 3

Commodities & Futures Trading Commission

Capital Markets

Question 4

MSRB

Answer 4

Municipal Securities Rulemaking Board

Capital Markets

Question 5

ESMA

Answer 5

European Securities and Markets Authority

Responsibility for EMIR

Question 6

BCBS

Answer 6

Basel Commission on Bank Supervision

Question 7

FinCEN

Answer 7

Financial Crimes Enforcement Network

Question 8

OECD

Answer 8

Organization for Economic Co-Operation and Development

Question 9

OFAC

Answer 9

Office of Foreign Assets Control

Question 10

FSOC

Answer 10

Financial Stability Oversight Council

Created post Dodd-Frank Act of 2010

Strong systemic oversight role over the Board of Governors of the Federal Reserve System to prevent systemic risk, but has limited enforcement power

Question 11

EBA

Answer 11

European Banking Authority

Single Rule Book
Setting standards for supervision of banks
Implementation of Basel III standards

Question 12

ECB

Answer 12

European Central Bank

Price stability via the operation of monetary policy
Oversees EU payment systems

Question 13

CFPB

Answer 13

Consumer Financial Protection Board

Question 14

EPC

Answer 14

European Payments Council

Set standards and rules for SEPA

Question 15

ESRB

Answer 15

European Systemic Risk Board

Includes others like EBA, EIOPA, ESMA

Question 16

OCC

Answer 16

Office of the Comptroller of the Currency (US Treasury)

Question 17

FATF

Answer 17

Financial Action Task Force

Intergovernmental organization
Spearheaded the efforts to reduce use of banking services for criminal use
AML