Financial sector oversight involves the monitoring and regulation of financial institutions and markets by governmental authorities. This function aims to maintain the stability and integrity of the financial system, protect consumers and investors, and prevent illicit financial activities. It includes setting prudential standards, conducting examinations, and enforcing compliance with relevant laws and regulations. Oversight bodies work to mitigate systemic risks and ensure fair and transparent market operations.
Context
The expansion of digital assets introduces new challenges for traditional financial sector oversight, requiring regulators to adapt existing frameworks or develop specialized approaches. Discussions focus on extending supervisory reach to crypto-asset service providers, addressing novel risks like cyber security vulnerabilities and market manipulation in decentralized settings. Harmonizing international oversight approaches is a significant ongoing effort to prevent regulatory arbitrage.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
