Government-sponsored enterprise (GSE) regulators—Federal Housing Finance Agency (FHFA), created by HERA, and Farm Credit Administration (FCA); and. Consumer protection regulator—Consumer Financial Protection Bureau (CFPB), created by the Dodd-Frank Act.
The Reserve Bank of India (RBI) Established under the RBI Act, 1934, RBI is the central bank of India; and is vested with various responsibilities under the Banking Regulation Act, 1949. Following are some of its primary functions: Issuance of banknotes. Banker to the government.
At the federal level, there are five financial industry regulators: Comptroller of the Currency (OCC) Federal Deposit Insurance Corporation (FDIC) Federal Reserve System (FRS)
The RBI is the money market and the banking regulator in India. Its functions include: Printing and circulating currency throughout the country. Maintaining banking sector reserves by setting reserve ratios.
These include merchant banking companies, nidhis, housing finance companies, chit fund companies, stock broking companies and insurance companies.
IFCI is /are not regulatory institutions.
Which of the following is not a Financial Regulator?1)IRDA2)PFRDA3)AMFI4)SEBI5)NULL
Several different regulatory bodies exist from the Federal Reserve Board which oversees the commercial banking sector to FINRA and the SEC which monitor brokers and stock exchanges.The Federal Reserve Board.Office of the Comptroller of the Currency.Federal Deposit Insurance Corporation.Office of Thrift Supervision.More items...
Sale of post cards and postal stamps services are offered by post office. This service is not offered by commercial banks. Functions of commercial banks include- issuing bank drafts, depositing money and lockers for valuable items. Was this answer helpful?
Solution(By Examveda Team) SEBI does not belong to regulatory bodies in India.
A bank must comply with: Various statutes such as the Banking Regulation Act, RBI Act, Foreign Exchange Management Act and Prevention of Money Laundering Act. Regulatory guidelines issued from time to time. Standards and codes prescribed by bodies such as the Basel Committee and the Indian Banks Association.
Regulatory Bodies in India and their HeadSl. No.Regulating AgencyEstablishment Date1Reserve Bank of India128752SEBI – Securities and Exchange Board of India337063IRDAI- Insurance Regulatory and Development Authority19994PFRDA – Pension Fund Regulatory & Development Authority3785622 more rows•May 10, 2021