Financial_supervision Financial_supervision

Financial supervision - Definition and Overview

Related Words: Administration, Auspices, Charge, Conduct, Direction, Discipline, Empire, Eye, Governance, Government, Jurisdiction, Management, Polity, Regime

Financial supervision is government supervision of financial institutions by regulators. The objective is to uphold existing regulations for the financial sector and ultimately to maintain stability of financial markets.

Contents

Aims of supervision

The specific aims of financial regulators are usually:

  • To minimise 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

Authority by Country

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

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