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Directory > Regulators > Major Currencies Regulators


Major Currencies Regulators

 

Unites States

  • Commodity Futures Trading Commission (CFTC) was created by United States Congress in 1974 as an independent agency with the mandate to regulate commodity futures and option markets in the United States. The agency protects market participants against manipulation, abusive trade practices and fraud. Through effective oversight and regulation, the CFTC enables the markets to serve better their important functions in the nation's economy—providing a mechanism for price discovery and a means of offsetting price risk.

  • National Futures Association ( NFA) - is a a congressionally authorized self-regulatory organization for the U.S. futures industry, provides innovative regulatory programs and services that ensure futures industry integrity, protect market participants and help its Members meet their regulatory responsibilities. NFA also offers a variety of cost-effective regulatory services to electronic markets - services that sustain market integrity, increase user confidence and add to the value of the markets.

  • Capital Markets Compliance®, LLC - specializes in providing regulatory guidance for firms that offer securities products as well as banks requiring market risk management reviews. Clients range from one-person retail broker-dealer operations to full-scale multi registered representative broker-dealers, investment advisers, investment bankers, bank affiliated broker-dealers, state and national chartered banks, and financial holding companies. 

  • Securities and Exchange Commission (SEC) - Administers federal securities laws to protect investors from fraud and abuse. Includes the EDGAR database of corporate financial filings. The primary mission of the U.S. Securities and Exchange Commission (SEC) is to protect investors and maintain the integrity of the securities markets.

  • NASD Regulation - is charged with regulating the securities industry and The Nasdaq Stock Market®. NASD was created in 1938 by the Maloney Act amendments to the Securities Exchange Act of 1934. Through its many departments and offices, NASD's jurisdiction extends to over 5,300 firms with more than 93,000 branch offices, and over 664,000 securities industry professionals. NASD accomplishes this oversight through the registration, education, testing and examination of member firms and their employees, and through the creation and enforcement of rules designed for the ultimate benefit and protection of investors.

  • United States Treasury Department - The basic functions of the Department of the Treasury include: Managing Federal finances; Collecting taxes, duties and monies paid to and due to the U.S. and paying all bills of the U.S.; Producing all postage stamps, currency and coinage; Managing Government accounts and the public debt; Supervising national banks and thrift institutions; Advising on domestic and international financial, monetary, economic, trade and tax policy; Enforcing Federal finance and tax laws; Investigating and prosecuting tax evaders, counterfeiters, forgers, smugglers, illicit spirits distillers, and gun law violators; Protecting the President, Vice President, their families, candidates for those offices, foreign missions resident in Washington and visiting foreign dignitaries. 

  • Federal Reserve Board (FED, FRB) - The Federal Reserve, the central bank of the United States, was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Today the Federal Reserve's duties fall into four general areas: (1) conducting the nation's monetary policy; (2) supervising and regulating banking institutions and protecting the credit rights of consumers; (3) maintaining the stability of the financial system; and (4) providing certain financial services to the U.S. government, the public, financial institutions, and foreign official institutions. 

    The Federal Reserve System And The The Twelve Regional Reserve Banks

    The Federal Reserve System, which serves as the nation's central bank, comprises a Board of Governors, based in Washington, D.C., and a network of 12 Reserve Banks. The Board, which is accountable to Congress, oversees the activities of the Reserve Banks, although each has its own board of directors, bylaws, and president. The Fed's basic mission is to create the financial conditions that foster economic growth: stable prices, sound banking practices, and a reliable payments system. 

    The Twelve Reserve Banks play an important part in all three of the Fed's functions--monetary policy, bank supervision and regulation, and the operation of a nationwide payments system. Each Reserve Bank supervises and examines banking institutions in its respective districts.  helping to formulate national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services such as check clearing and electronic payment processing to banks and the U.S. government. 

    Each Bank plays a vital role in the monetary policy area as well, seeking to keep prices stable and economic growth at its maximum sustainable rate in its respective district. The Bank president is a decision maker on the direction of interest rates, along with the other Bank presidents and the seven governors at the Board, all of whom meet every six weeks in Washington at the Federal Open Market Committee meeting. 

  • Federal Reserve Bank of Atlanta -  Servicing Alabama, Florida, Georgia, and parts of Louisiana, Mississippi, and Tennessee--the states that make up the Sixth Federal Reserve District. 
  • Federal Reserve Bank Of Boston - The Federal Reserve Bank of Boston was organized in October 1914. It is serving Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.
  • Federal Reserve Bank of ChicagoThe Chicago Fed serves the Seventh Federal Reserve District, an economically diverse region that includes all of Iowa and most of Illinois, Indiana, Michigan and Wisconsin. 
  • Federal Reserve Bank of Cleveland - The Federal Reserve Bank of Cleveland, established in 1914 serves the Fourth Federal Reserve District, which comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. 
  • Federal Reserve Bank of Dallas - As one of twelve regional Reserve Banks in the Federal Reserve System, the Dallas Fed serves the Eleventh Federal Reserve District, which consists of Texas, northern Louisiana and southern New Mexico.  Dallas Fed plays in maintaining the economic vitality and financial stability of this region.
  • Federal Reserve Bank of Minneapolis - The Federal Reserve Bank of Minneapolis serves the Ninth Federal Reserve District. Included in the district are Minnesota, Montana, North and South Dakota, 26 counties in northwestern Wisconsin and the Upper Peninsula of Michigan. 
  • Federal Reserve Bank of New York - The Federal Reserve Bank of New York is one of 12 regional Reserve Banks which, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It is responsible for: formulating and executing monetary policy; supervising and regulating depository institutions; providing an elastic currency; assisting the federal government's financing operations; and serving as the banker for the U.S. government.
  • Federal Reserve Bank of Philadelphia - The Federal Reserve Bank of Philadelphia is responsible for the Third District, which covers eastern Pennsylvania, southern New Jersey, and the state of Delaware. Like all Reserve Banks, the Philadelphia Fed has a large and varied constituency, including depository institutions, local businesses, consumers, investors, educators, and community groups.
  • Federal Reserve Bank of Richmond - The Federal Reserve Bank of Richmond is headquarters for the Fifth Federal Reserve District, which includes Maryland, Virginia, North Carolina, South Carolina, and most of West Virginia . In addition to the Richmond, Va., headquarters, branch offices are located in Baltimore, Md., and Charlotte, N.C., and specialized check processing centers in Charleston, W.Va., and Columbia, S.C. 
  • Federal Reserve Bank of San Francisco - The Federal Reserve Bank of San Francisco serves the twelfth Federal Reserve District includes the nine western states--Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington--and American Samoa, Guam, and the Northern Mariana Islands. Branches are located in Los Angeles, Portland, Salt Lake City, and Seattle. The largest District, it covers 35 percent of the nation's landmass, ranks first in the size of its economy, and is home to approximately 20 percent of the nation's population.
  • Federal Reserve Bank of St. Louis - The Federal Reserve Bank of St. Louis, established in 1914 is the headquarters of the Eighth Federal Reserve District and has branches in Little Rock, Louisville and Memphis. The District includes all of Arkansas and portions of six other states: Missouri, Mississippi, Tennessee, Kentucky, Indiana and Illinois. The St. Louis Bank serves most of eastern Missouri and southern Illinois.

European Union

  • European Central Bank (ECB) - The European Central Bank frames and implements European monetary policy; it conducts foreign exchange operations and ensures the smooth operation of payment systems. The European Central Bank (ECB) and the national central banks of the European Union member states make up the Eurosystem, whose primary task is to maintain price stability. The majority of the bank's revenue is derived from investment earnings on its holdings of foreign-reserve assets and on capital subscribed to and paid in by the national central banks in amounts determined by the countries' share of population and gross domestic product in the EU. The ECB is made up of three parts -- governing council, executive board, and general council. 

  • The Committee of European Securities Regulators (CESR) - was established by the European Commission Decision of June 2001. This decision was taken in the light of the recommendation of the Report of the Committee of Wise Men on the Regulation of European Securities Markets (Lamfalussy Report), as endorsed by the European Union (Stockholm, 23 March 2001). CESR is an independent Committee regrouping senior representatives from national public authorities competent in the field of securities (Members Directory). CESR has set out its own operational arrangements in its Charter.  A representative of the European Commission is entitled to participate actively in all debates (except in confidential discussions related to individual and/or firms). CESR submits an Annual Report to the European Commission, which is also sent to the European Parliament and the Council. The Chair of CESR reports regularly to the European Parliament and maintains strong links with the European Securities Committee. All understandings, standards and work agreed within the Forum of European Securities Commission (FESCO) have been taken over by CESR.

  • *Please see the list of of the European Union Regulators In Each Of It Member Countries   

Japan

  • Bank Of Japan - The Bank of Japan's missions are to maintain price stability and to ensure the stability of the financial system, thereby laying the foundations for sound economic development. To fulfill these two missions, the Bank conducts the following activities: 1. Issuance and Management of Banknotes; 2. The Conduct of Monetary Policy; 3. Providing Settlement Services and Ensuring the Stability of the Financial System; 4. Treasury and Government Securities-Related Operations; 5. International Activities; 6. Compilation of Data, Economic Analyses and Research Activities.
  • Ministry of Finance (MOF) - The Ministry of Finance (MOF) is responsible for the country's fiscal and monetary matters. The MOF consists of the Minister's secretariat and seven bureaus. In addition to formulating the national budget, which is central to fiscal policy, the MOF monitors and guides banks and securities companies as to current monetary policy, adjusts the current balance of payments, and determines and maintains what MOF considers to be an appropriate level in foreign exchange rates. The MOF now tackles such major issues as fiscal structural reform and financial system reform. The Minister's special, local, and external organs include the Mint Bureau, the Printing Bureau, Local financial bureaus, Customs and Tariff Bureau, and the National Tax Agency.

    Financial Supervisory Agency (FSA) - was established as an administrative organ (external organ of the Prime Minister's Office) responsible for the inspection and supervision of private sector financial institutions and surveillance of securities transaction. With the establishment of the Financial Reconstruction Commission, the FSA became an organization under the jurisdiction of the said Commission.

  • Securities and Exchange Surveillance Commission - The primary mission of the SESC is to protect investor and maintain the integrity of the securities markets. For this end we conduct the inspections of securities companies, daily surveillance of securities markets and investigations of securities fraud. The main activities of the SESC are summarized as follows: Investigations of Criminal Offences and Filing of Complaints; Inspections of BD etc.; Daily market watch; Assess Information Received from the General Public; Recommendations;  Proposals; Publication of Annual Report; & Other Activities. 

United Kingdom

  • Bank Of England - The Bank of England is the central bank of the United Kingdom. Sometimes known as the 'Old Lady' of Threadneedle Street, the Bank was founded in 1694, nationalised in 1946, and gained operational independence in 1997. Standing at the centre of the UK's financial system, the Bank is committed to promoting and maintaining a stable and efficient monetary and financial framework as its contribution to a healthy economy.
  • Financial Services Authority (FSA) - is an independent non-governmental body, given statutory powers by the Financial Services and Markets Act 2000. It is a company limited by guarantee and financed by the financial services industry. Her Majesty’s Treasury appoints our Board, consisting of an Executive Chairman, three Managing Directors, and 11 non-executive directors (including a lead non-executive member, the Deputy Chairman). The Financial Services and Markets Act gives FSA four statutory objectives: market confidence: maintaining confidence in the financial system; public awareness: promoting public understanding of the financial system; consumer protection: securing the appropriate degree of protection for consumers; and reduction of financial crime: reducing the extent to which it is possible for a business carried on by a regulated person to be used for a purpose connected with financial crime.

Switzerland

  • Swiss National Bank (SNB) (Schweizerische Nationalbank) - The Swiss National Bank conducts the country's monetary policy as an independent central bank. In conjunction with fiscal and competition policy, this serves to create an appropriate environment for economic growth. The National Bank is obliged by Constitution and statute to act in accordance with the interests of the country as a whole. It considers price stability to be a primary goal. Main responsibilities include: Price stability; Promoting the efficiency of the payment system; Ensuring the supply of money; Cashless payment transactions; Investment of currency reserves; Stability of the financial system; Statistical task;and Tasks on behalf of the Confederation.
  • Federal Department of Finance - The FDF plans and implements decisions of the Federal Council on resources in the following areas: Finances, Personnel, Construction and IT.  It is the aim of its leadership to balance federal finances as healthy finances are the best guarantee of the country's future. The core activities of the FDF directly affect the performance of the social state and the attractiveness of Switzerland as a location for business. The FDF essentially performs three main functions: Policy Formulation ; Provision of Services; Implementation. Some 8000 people work in the Federal Department of Finance on a wide range of projects for Switzerland's future. 

  • Swiss Federal Banking Commission - supervisory authority of wide areas of the financial sector in Switzerland. At present, it assumes, on an independent basis, the following tasks: supervision of banks; supervision of investment funds; supervision of mortgage bond business; supervision of stock exchanges and securities dealers; supervision of disclosure of shareholdings and public takeover bids. In addition to its core duties of supervision, the SFBC is also active in other areas that relate to Switzerland as a financial centre. It is, therefore, in constant contact with the Swiss Federal Department of Finance and the Swiss National Bank. In addition, it maintains regular contact with various associations, primarily the Swiss Bankers Association, the Swiss Funds Association and the Swiss Institute of Certified Accountants and Tax Consultants.

  • Money Laundering Control Authority's (MLCA) - is one of the supervisory authorities responsible for implementing the Money laundering Act. It is responsible for the supervision of all financial intermediaries in the non-banking sector that are subject to the Money Laundering Act. These in particular include all those financial intermediaries who, on a professional basis, accept, or hold in custody, assets belonging to third parties, or assist in investing or transferring such assets.

Canada

  • Bank of Canada (BOC) - The Bank of Canada is Canada's central bank .The Bank of Canada's responsibilities focus on the goals of low and stable inflation, a safe and secure, financial stability, and the efficient management of government funds and public debt. The Bank of Canada promotes the economic and financial welfare of Canada, by conducting monetary policy in a way that fosters confidence in the value of money; supplying quality bank notes that are readily accepted and secure against counterfeiting; promoting the safety and efficiency of Canada's financial system; providing efficient and effective funds-management services; communicating its objectives openly and effectively and standing accountable for its actions.
  • Canadian Securities Administrators (CSA) - an association consisting of thirteen securities regulators across Canada, which seeks to harmonize securities regulation on a national basis through the development of the Canadian Securities Regulatory System. The regulatory context in Canada requires close co-operation and co-ordination with our counterparts across the country: factors that become increasingly important with the rapid pace of change in communication technologies. These technologies transcend political and geographical boundaries and have created what is, in essence, a global market for securities requiring international co-operation and co-ordination by securities regulatory authorities.
  • Canadian Derivatives Clearing Corporation - Canadian Derivatives Clearing Corporation ("CDCC" or the "Corporation") is the issuer, clearinghouse, and guarantor of equity, index and interest rate financial derivative contracts traded on the Montréal Exchange. CDCC also provides clearing, settlement and administrative services to the Winnipeg Commodity Exchange and the WCE Clearing Corporation.
  • Alberta Securities Commission - The Alberta Securities Commission (ASC) is the regulatory agency responsible for overseeing the capital market in Alberta. The ASC is an industry-funded provincial corporation that administers the Securities Act, the Securities Regulation and Alberta Securities Commission Rules. The purpose of this legislation is to ensure that the capital market operates fairly, that investors have timely, accurate information on which to base their investment decisions and that people who sell securities be registered.
  • British Columbia Securities Commission - Information about the independent agency dedicated to regulating trade in securities  and certain contracts in British Columbia, with news, links to cases and more. 
  • Commission des valeurs mobilieres du Quebec - is the watchdog agency for the Québec securities market and reports to the Deputy Prime Minister and Minister of State for the Economy and Finance. It was created in 1955 by a law passed by the Assemblée nationale. In June 1997, the Commission became an independent regulatory body, funded by the securities sector. The Commission's mission is to promote the efficiency of Québec's financial markets, protect investors and regulate information that companies must disclose to their securities holders during public offerings. It also oversees the activities of securities market professionals and organizations responsible for the operation of the securities market.
  • Manitoba Securities Commission - is a special operating agency of the Government of Manitoba which operates to protect investors and facilitate fair and efficient capital markets in the province.
  • Nova Scotia Securities Commission works to create and maintain a regulatory environment that is conducive to investor confidence in the integrity of securities markets. Since its  establishment in 1987 the Commission have recognized the importance of making itself and relevant information about its work available to the public. Conversely, the information it receive from the public is vital to the success of its mission of investor protection and market efficiency.
  • Ontario Securities Commission - The Ontario Securities Commission administers and enforces securities legislation in the Province of Ontario. Our mandate is to: Protect investors from unfair improper and fraudulent practices; Foster fair and efficient capital markets; Maintain public and investor confidence in the integrity of those markets.
  • Prince Edward Island Securities Office is the provincial authority responsible for regulating trading in securities in the province. Its primary mandate is to protect Prince Edward Island investors from unfair, improper or fraudulent practices in the marketplace. It also work alongside the securities regulators of the other provinces and territories to facilitate consistent, efficient and effective regulation of the capital markets across the country.
  • Saskatchewan Financial Services Commission (SFSC) protects consumer and public interests and supports economic well-being through responsive financial marketplace regulation. The SFSC enhances consumer protection through licensing, registration, audit, complaint handling and enforcement activities pursuant to various provincial statutes.

Australia

  • Reserve Bank of Australia (RBA) - The Reserve Bank of Australia's (RBA) main function is monetary policy. Policy decisions are made by the Board, with the objective of achieving low and stable inflation over the medium term. Other major roles are maintaining financial system stability and promoting the safety and efficiency of the payments system. The Bank is an active participant in financial markets, manages Australia's foreign reserves, issues Australian currency notes and serves as banker to the Commonwealth Government. The information provided by the Reserve Bank includes statistics - for example, on interest rates, exchange rates and money and credit growth - and a range of publications on its operations and research.
  • Australian Securities and Investments Commission (ASIC) enforces company and financial services laws to protect consumers, investors and creditors. It regulate and inform the public about Australian companies, financial markets, financial services organisations and professionals who deal and advise in investments, superannuation, insurance, deposit taking and credit. The Australian Securities and Investments Commission Act 2001 requires ASIC to: uphold the law uniformly, effectively and quickly; promote confident and informed participation by investors and consumers in the financial system; make information about companies and other bodies available to the public; improve the performance of the financial system and the entities within it. ASIC work with other financial, consumer and law enforcement bodies in Australia and internationally. It is an independent Commonwealth government body.

New Zealand

  • Reserve Bank of New Zealand - The Reserve Bank of New Zealand is New Zealand's central bank and has three main functions. These are: operating monetary policy to maintain price stability; promoting the maintenance of a sound and efficient financial system; and meeting the currency needs of the public.

  • Securities Commission of New Zealand - is established under the Securities Act 1978. It is a statutory corporation which, in all matters other than funding and the appointment of Members, is expected to act independently of the New Zealand Government and others.Its purpose is to strengthen confidence in New Zealand's capital markets, both in New Zealand and overseas, by promoting the efficiency, integrity and cost-effective regulation of these markets and thereby fostering capital investment in New Zealand.

World

  • Bank of International Settlements - BIS is an international organisation which fosters cooperation among central banks and other agencies in pursuit of monetary and financial stability. It is based in Basel Switzerland. 

  • International Monetary Fund - The IMF is an international organization of 184 member countries. It was established to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance of payments adjustment.

  • The World Bank - The World Bank is one of the world’s largest sources of development assistance. Its primary focus is on helping the poorest people and the poorest countries. This site provides an overview of how the Bank uses its financial resources, its highly trained staff, and its extensive knowledge base to help developing countries onto paths of stable, sustainable, and equitable growth.

  • The Financial Action Task Force on Money Laundering (FATF) is an inter-governmental body whose purpose is the development and promotion of policies, both at national and international levels, to combat money laundering. The Task Force is therefore a "policy-making body" which works to generate the necessary political will to bring about national legislative and regulatory reforms to combat money laundering. The FATF monitors members' progress in implementing anti-money laundering measures, reviews money laundering techniques and counter-measures, and promotes the adoption and implementation of anti-money laundering measures globally. In performing these activities, the FATF collaborates with other international bodies involved in combating money laundering.  The FATF has been in existence since 1989.

  

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