2. Financial institutions are heavily regulated by the government. All EXCEPT one of the following DO NOT supervise financial in

Question

2 years ago

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2. Financial institutions are heavily regulated by the government. All EXCEPT one of the following DO NOT supervise financial in

stitutions:
a. Federal Reserve Bank
b. Comptroller of the Currency
c. Federal Deposit Insurance Corporation (FDIC)
d. Securities and Exchange Commission

Business

1 answer:

Archy [21] · Answer 1 · 2022-12-21T09:30:45+03:00

The main function of Securities and Exchange Commission is to regulate security market(capital market, money market etc.). They do this so as to protect investors' fund. They do not regulate financial institutions.

Federal Deposit Insurance Corporation (FDIC) makes sure customers' deposit in all financial institutions are not at risk. FDIC makes sure financial institutions comply with lay down rule.

Federal Reserve Bank and Comptroller of the Currency supervise financial institutions in their own capacity.

The answer to the question is therefore, d. Securities and Exchange Commission