Banking regulation and supervision refers to a form of financial regulation which subjects banks to certain requirements,restrictions and guidelines,enforced by a financial regulatory authority generally referred to as banking supervisor,with semantic variations across jurisdictions. By and large,banking regulation and supervision aims at ensuring that banks are safe and sound and at fostering market transparency between banks and the individuals and corporations with whom they conduct business.
The Basel Committee on Banking Supervision (BCBS) is a committee of banking supervisory authorities that was established by the central bank governors of the Group of Ten (G10) countries in 1974. The committee expanded its membership in 2009 and then again in 2014. As of 2019,the BCBS has 45 members from 28 jurisdictions,consisting of central banks and authorities with responsibility of banking regulation.
The Financial Services Agency is a Japanese government agency and an integrated financial regulator responsible for overseeing banking,securities and exchange,and insurance sectors in order to ensure the stability of the financial system of Japan. The agency operates with a Commissioner and reports to the Minister of State for Financial Services. It oversees the Securities and Exchange Surveillance Commission and the Certified Public Accountants and Auditing Oversight Board. Its main office is located in Tokyo.
The Ministry of Economy and Finance oversees the financial policies of the South Korean government. It publishes a monthly report on the national economy,known as the "Green Book." The current minister is Choi San-mok. The headquarters is in the Sejong Government Complex in Sejong City.
The Korea Deposit Insurance Corporation (KDIC) is a deposit insurance corporation,established in 1996 in South Korea to protect depositors and maintain the stability of the financial system. The main functions of KDIC are insurance management,risk surveillance,resolution,recovery,and investigation.
The Federal Financial Supervisory Authority,better known by its abbreviation BaFin,is Germany's integrated financial regulatory authority. Since 2014,it has been Germany's national competent authority within European Banking Supervision. It is an independent federal institution with headquarters in Bonn and Frankfurt and falls under the supervision of the Federal Ministry of Finance. BaFin supervises about 2,700 banks,800 financial services institutions,and over 700 insurance undertakings.
The Financial Supervisory Commission is an independent government agency subordinate to the Executive Yuan of the Republic of China (Taiwan). It is responsible for regulating securities markets,banking,and the insurance sector.
The Financial Supervisory Service (FSS) is South Korea's integrated financial regulator that examines and supervises financial institutions under the broad oversight of the Financial Services Commission (FSC),the government regulatory authority staffed by civil servants.
The European Insurance and Occupational Pensions Authority (EIOPA) is a European Union financial regulatory agency. It was established in 2011 under EU Regulation 1094/2010.
Kim Jong-chang was the seventh governor of South Korea's Financial Supervisory Service,from March 2008 to March 2011. He was named to his position on 27 March 2008,after nearly three decades in finance-related government positions and the government-owned Industrial Bank of Korea. He retired on 25 March 2011.
The National Securities Market Commission is the Spanish government agency responsible for the financial regulation of the securities markets in Spain. It is an independent agency that falls under the Ministry of Economy.
The European Securities and Markets Authority (ESMA) is an agency of the European Union located in Paris.
The European Banking Authority (EBA) is a regulatory agency of the European Union headquartered in La Défense,Île-de-France. Its activities include conducting stress tests on European banks to increase transparency in the European financial system and identifying weaknesses in banks' capital structures.
Kwon Hyouk-Se is the eighth governor of South Korea's Financial Supervisory Service. He took office in March 2011 after about 30 years of experience in government service. He was previously the vice chairman of Financial Services Commission (FSC).
Jörg Asmussen is a German economist and banker has been serving as Chief Executive Officer of the German Insurance Association (GDV) since 2020.
Foreign exchange regulation is a form of financial regulation specifically aimed at the Forex market that is decentralized and operates with no central exchange or clearing house. Due to its decentralized and global nature,the foreign exchange market has been more prone to foreign exchange fraud and has been less regulated than other financial markets.
A financial regulatory authority or financial supervisory authority is a public authority whose role is to ensure the proper implementation of financial regulation within its scope of responsibility.
Huang Tien-mu or Thomas Huang is a Taiwanese politician. He was appointed chairman of the Financial Supervisory Commission in May 2020. He previously served as chairman of the agency in an acting capacity in 2016.
Lee Ruey-tsang is a Taiwanese banker and politician. He led the Financial Supervisory Commission from 19 October 2016 to 7 September 2017. Prior to assuming the chairmanship of the FSC,he was chairman of the Bank of Kaohsiung. He has served as Vice Minister of Finance and became acting finance minister in 2008,after Ho Chih-chin resigned.
The Financial Services Commission (FSC) is the Jamaican unified financial regulatory authority. It was founded in the year 2001 under the Financial Services Commission Act of 2001. The FSC has the responsibility of regulating and supervising any of the country's institutions that engage in non-deposit-taking financial services in relation to insurance,acquisition or disposal of securities and units under a registered unit trust.
