Aims of Regulation
The objectives of financial regulators are usually:
- market confidence – to maintain confidence in the financial system
- financial stability - contributing to the protection and enhancement of stability of the financial system
- consumer protection - securing the appropriate degree of protection for consumers.
- reduction of financial crime - reducing the extent to which it is possible for a regulated business to be used for a purpose connected with financial crime.
Read more about this topic: Financial Regulation
Famous quotes containing the words aims and/or regulation:
“We are often reminded that if there were bestowed on us the wealth of Crsus, our aims must still be the same, and our means essentially the same.”
—Henry David Thoreau (1817–1862)
“Lots of white people think black people are stupid. They are stupid themselves for thinking so, but regulation will not make them smarter.”
—Stephen Carter (b. 1954)