How does the government in our country do the financial supervision? Explain the steps of it and take a real example of a bank and apply on it the financial supervision steps
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Supervision involves examining the financial condition of individual banks and evaluating their compliance with laws and regulations. Bank regulation involves setting rules and guidelines for the banking system.
regulations assure protection to consumers from fraud, misrepresentation, discrimination and information asymmetry. activities, since it promotes and ensures transparency in dealings.
The Federal Reserve System supervises and regulates a wide range of financial institutions and activities. The Federal Reserve works in conjunction with other federal and state authorities to ensure that financial institutions safely manage their operations and provide fair and equitable services to consumers.
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