Financial Regulatory Authorities
Financial Regulatory Authorities are government agencies responsible for overseeing and regulating financial markets and institutions. Their main goal is to ensure the stability, transparency, and integrity of the financial system. They create rules and guidelines that financial entities, such as banks and investment firms, must follow to protect consumers and maintain public confidence.
These authorities also monitor compliance with financial laws and can impose penalties for violations. Examples of such agencies include the Securities and Exchange Commission (SEC) in the United States and the Financial Conduct Authority (FCA) in the United Kingdom. Their work helps prevent fraud and promotes fair practices in the financial sector.