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. A financial institution acts as an agent that provides financial services for its clients. ... Financial market is a broad market where buyers and sellers to exchange various types of financial securities or products that comprise financial securities. ...
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
There are two kinds of trading that are referred to as insider trading: Trading of a security of a company (, shares or options) based on material nonpublic information. ...
Financial Supervisory Authority, Finland (Rahoitustarkastus in Finnish, abbr. RATA)
The Securities and Exchange Commission, commonly referred to as the SEC, is the United States governing body which has primary responsibility for overseeing the regulation of the securities industry. ... The United Kingdom Financial Services Authority (FSA) is an independent non-governmental body that regulates the UK financial services industry. ... The China Securities Regulatory Commission (zh: 中国证券监督管理委员会) is an institution of the State Council of China. ...
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. The Australian Prudential Regulation Authority (APRA) is the Australian regulator of banks, credit unions, building societies, insurance companies, friendly societies and superannuation funds. ... The Australian Securities & Investments Commission (ASIC) is an independent Australian government body that acts as Australias corporate regulator. ...
The banking industry are under certain regulations and requirements that aim to uphold the soundness and integrity of the financial system. ... Finance studies and addresses the ways in which individuals, businesses and organizations raise, allocate and use monetary resources over time, taking into account the risks entailed in their projects. ...
External links
Securities Lawyer's Deskbook (http://www.law.uc.edu/CCL/) from the University of Cincinnati College of Law
Financial disclosure and accounting rules also were changed to allow stock losses to be deferred and to delay the effect of real estate price declines on banks' reported assets, among other things.
The MOF has stressed that in completing financial reform, the soundness of the financial system must be assured by the speedy disposal of nonperforming assets of financial institutions and by the introduction of new procedures to identify and manage problem institutions.
In particular, the report proposes more appropriate and timely allowances for loan losses and write-offs which are to be reflected in financial statements, clearer rules on banks' own assessments of asset quality, and more intensive external auditing of the accuracy of financial statements.
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