Financial Superintendence
The term "Financial Superintendence" refers to a regulatory body responsible for overseeing and ensuring the stability and integrity of financial institutions within a specific jurisdiction. This organization monitors banks, insurance companies, and other financial entities to ensure they comply with laws and regulations, protecting consumers and maintaining public confidence in the financial system.
In many countries, the Financial Superintendence also plays a crucial role in preventing financial crimes, such as fraud and money laundering. By conducting regular audits and assessments, it helps to promote transparency and accountability in the financial sector, ultimately contributing to a healthier economy.