Financial regulation
rules or restrictions for financial institutions From Wikipedia, the free encyclopedia
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Financial regulation is supervision of financial institutions to certain rules and guidelines.
The aim is to keep the financial system honest and legal. Regulation may be done by either a government or non-government organization. Also, financial regulation has increased the variety of financial products available.
In the early modern period, the Dutch were the pioneers in financial regulation.[1] The first recorded regulation was a ban on short selling done by the Dutch authorities in 1610.[2]
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Aims
The objectives of financial regulators are usually:[3]
- market confidence – to keep confidence in the financial system
- financial stability
- consumer protection – getting the right protection for consumers.
References
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