The U.S. Securities and Exchange Commission (SEC) is an independent federal regulatory agency responsible for enforcing U.S. securities laws and overseeing the nation’s capital markets. Established in 1934 in response to the financial turmoil of the Great Depression, the SEC seeks to protect investors, maintain fair and efficient markets, and facilitate capital formation. The agency […]
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The New York Department of Financial Services (NYDFS) is the primary financial regulatory agency of the State of New York. Established in 2011 through the consolidation of the former Banking Department and Insurance Department, the NYDFS supervises financial institutions operating in or from New York, including banks, insurance companies, and certain non-bank financial entities. Its
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A central bank is a financial institution responsible for managing a country’s currency, money supply, and interest rates. Central banks play a critical role in ensuring economic stability, controlling inflation, regulating commercial banks, and serving as a lender of last resort. Unlike commercial banks, central banks are typically owned or chartered by the state, although