Financial regulators are government agencies responsible for overseeing and regulating financial institutions and markets. The role of regulators of financial sectors encompasses a comprehensive framework of laws, rules, and procedures established by governments and financial authorities. Its essential objectives are to maintain stability and integrity in the financial system, protect consumer interests, and foster fairness and efficiency in markets.
Financial regulators have many important jobs, including ensuring that markets operate fairly and also helping to prevent fraud. Proper regulation protects investors from scams and other financial improprieties. They enforce rules to protect consumers and maintain stability in the financial system. Financial regulators are government agencies responsible for overseeing and regulating financial institutions and markets.
The primary financial regulator bodies in India include:
RBI,
SEBI,
PFRDA, and
NHB,
CENTRAL CONSUMER PROTECTION AUTHORITY
The Ministry of Corporate Affairs (MCA) is a financial regulator in India that regulates the industrial and service sector. Its main object is to protect the interests of various stakeholders including employees, shareholders, and consumers, and prevent unfair practices in the market.
