Financial regulations are to ensure the safety of the financial system and to provide and enforce rules that aim to protect consumers is the main purpose of government regulations of financial institution.
A financial institution is a firm that deals with financial and monetary transactions such deposits, loans, investments, and currency exchange.
Financial institutions that operate in the financial services sector include banks, trust companies, insurance companies, brokerage firms, and investment dealers.
Thus, to ensure the safety of the financial system is the purpose.
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