When we say forex, we should know some other information. Regulations of financial institutions differ from one country to another. The financial institution regulations are delineated by the government authorities of different countries. The principal objective of these government authorities is to regulate the financial activities going on in the country.
The financial regulations are laid out for the purpose of creating a fair and customer-friendly environment in the financial market of a particular country, which is conducive for economic growth. The statutory objectives of the regulatory bodies of financial institutions include the following:
(1) Market confidence: Sustaining confidence in the financial markets is one of the most important objectives of the financial regulatory bodies.
(2) Consumer protection: Ensuring the most suitable level of customer protection.
(3) Public awareness: Encouraging public awareness about the financial market through imparting educational programs.
(4) Eliminating financial crime: The financial regulations are designed for the purpose of reducing financial crimes and frauds.
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