Regulatory Bodies in Finance Flashcards
What is the role of regulatory bodies in finance?
To maintain stability, transparency, and integrity of the financial system.
How do regulatory bodies protect investors?
By enforcing laws to prevent fraud, misconduct, and unfair practices.
What is the purpose of ensuring market transparency?
To provide investors with accurate information for informed decisions.
What are Anti-Money Laundering (AML) regulations?
Rules to combat money laundering and prevent financial crimes.
What does it mean to ensure financial stability?
Setting standards for risk management, liquidity, and capital adequacy to prevent crises.
What is the purpose of licensing and supervision by regulatory bodies?
To ensure financial institutions operate safely and comply with regulations.
What is the role of the SEC in the U.S.?
To regulate securities markets and protect investors.
What does the Federal Reserve (The Fed) manage?
Monetary policy and banking regulation in the U.S.
What is the function of FINRA?
To oversee brokers and brokerage firms, ensuring fair and transparent operations.
What is the OCC responsible for?
Supervising national banks and enforcing banking regulations.
What does the CFPB do?
Protects consumers in the financial sector by ensuring fair practices.
What does the Financial Conduct Authority (FCA) regulate?
Financial firms in the U.K. to ensure market integrity and consumer protection.
What is the role of the Prudential Regulation Authority (PRA)?
To supervise banks and insurers, maintaining stability.
What is the Bank of England’s role in financial regulation?
Overseeing monetary policy and ensuring financial stability.
What is the main role of the ECB?
To manage monetary policy in the Eurozone for price stability.
