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:
“In truth, the care and expense of our fathers aims only at furnishing our heads with knowledge; of judgement and virtue, little news.”
—Michel de Montaigne (1533–1592)
“Nothing can be more real, or concern us more, than our own sentiments of pleasure and uneasiness; and if these be favourable to virtue and unfavourable to vice, no more can be requisite to the regulation of our conduct and behavior.”
—David Hume (1711–1776)