Question

please name five (5) Financial Regulators, (b) briefly describe who each Financial Regulator regulates (i.e. Banks) and each or their their primary purpose.?

Answer 1

Five financial regulators in India are as follows-

1.SEBI-securities and exchange board is the financial regulator which is designated body for regulation of stock exchanges and related operations in India.

2.RBI-Reserve Bank of India is assigned with the task of designing the monetary policy in the country and it also acts as a facilitator to the commercial banks.

3. Insurance regulatory and development authority of India-this body is designated with the responsibility of control and management of insurance companies in India and it regulate and provides various kinds of guidelines for insurance company to operate in India.

4. Forward Market commission-this body is designated with regulation of Forward Market contracts in India. Its headquarter is situated in Mumbai.

5. Pension fund regulatory and development authority-this body is assigned with the task of management and control of various types of pension funds that are operational in this country. It provides with the guidelines to do operations of pension funds in India.