Banking Regulation and Supervision Agency
The Banking Regulation and Supervision Agency (BRSA) is a governmental authority responsible for overseeing and regulating the banking sector in a country. Its primary role is to ensure the stability and soundness of financial institutions, protecting depositors and maintaining public confidence in the banking system.
The BRSA establishes rules and guidelines for banks, conducts regular inspections, and monitors compliance with regulations. By enforcing prudent banking practices, the agency aims to prevent financial crises and promote a healthy economic environment, ultimately contributing to the overall growth and stability of the financial system.