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Objectives of financial services authority, Financial Management
Objectives of financial services authority
FSMA provides four statutory objectives to FSA. They are:
Market Confidence: Maintaining confidence in the financial system;
Public Awareness: Promoting public understanding about the financial system;
Consumer Protection: Securing the appropriate degree of protection for consumers; and
Reduction of Financial Crime: Reducing to the extent it is possible for a business to be used for a purpose connected with financial crime.
The aforesaid statutory objectives are supported by a set of principles of good regulation which are to be followed while discharging its functions.
Posted Date: 9/11/2012 2:38:41 AM | Location : United States
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