Single choice9)Financial regulation is promulgated by:A financial institutions Board of DirectorsAgencies of national governmentsA financial institution's compliance department
Question
Single choice9)Financial regulation is promulgated by:A financial institutions Board of DirectorsAgencies of national governmentsA financial institution's compliance department
Solution
The correct answer is: Agencies of national governments.
Financial regulation is typically managed and enforced by government or state agencies. These agencies are responsible for creating rules and regulations that govern financial institutions. They also monitor these institutions to ensure they are following these rules. While a financial institution's Board of Directors and compliance department play a role in ensuring the institution follows these regulations, they do not promulgate them.
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