The government. Most governments around the world have specific agencies that look after bank regulation, but it depends on the country.
The Federal Reserve regulates banks and the banking system.
Each country has its central bank that regulates the working of the banks in its country. for Ex: Reserve bank of India regulates banking operations in India
In the United Kingdom - The Treasury (government) and the Financial Services Authority.
A Scheduled bank is a bank that is approved by the central bank of the country to carryout banking services. Banks are financial institutions that can make or break an economy. Unsupervised and uncontrolled behavior from banks can spell doom to the economy and for the customers as well. Hence central banks like the Reserve Bank in India or the Federal Reserve in USA monitor the functioning of all banks in their jurisdiction and ensure that they function in a just fashion and customers stand to benefit at all times.
IRDA stands for Insurance Regulatory and Development Authority. It is the organization that supervises and regulates the Insurance Company's in India. It is similar to the Reserve Bank for Banks. All Insurance Company's are supposed to follow the rules laid down by them.
The Federal Reserve regulates banks and the banking system.
RBI
Each country has its central bank that regulates the working of the banks in its country. for Ex: Reserve bank of India regulates banking operations in India
To a certain extent the banks do. But the Fed, which lends money to banks, can have an impact on it depending on what interest they charge the banks.
FDIC
RBI - Reserve Bank Of India regulates the banks in India.
In the United Kingdom - The Treasury (government) and the Financial Services Authority.
Because banks are the financial intermediaries of the economy. If banks operate in an unsupervised manner they might cause economic chaos and uncertainty in the country. That is why the Federal Reserve regulates the banks to ensure that customers are protected and the country's economy is safeguarded.
OFR
Because banks are the financial intermediaries of the economy. If banks operate in an unsupervised manner they might cause economic chaos and uncertainty in the country. That is why the Federal Reserve regulates the banks to ensure that customers are protected and the country's economy is safeguarded.
California First National Bank is backed by the FDIC. This is the federal government that regulates banks and guarantees funds.
Reserve bank of India not only regulates the public sector banks in India, but also the private banks and international banks that operate inside India. Reserve Bank of India supervises/oversees the banking operations of all banks in India. They are responsible for the proper functioning of all the banks and they are also the lender to the banks (The place where banks go to borrow money if they are short of funds). They also decide the lending and deposit rates for all banks in the country.