Regulators Zone

International

Associations

Name Sector Website
Association of Chartered Certified Accountants (ACCA) Accounting www.accaglobal.com
ACCA is the global body for professional accountants.
ACCA supports its members and students throughout their careers, providing services through a network of offices and active centres.
Name Sector Website
Global Financial Markets Association (GFMA) Financial and capital market www.gfma.org
The Global Financial Markets Association (GFMA) represents the common interests of the world’s leading financial and capital market participants, and speaks for the industry on the most important global market issues.
Name Sector Website
Institute of Internal Auditors (IIA) Internal Audit www.global.theiia.org
The Institute of Internal Auditors (IIA) is an international professional association with global headquarters in Altamonte Springs, Florida, USA. The IIA is the internal audit profession’s global voice, recognized authority, acknowledged leader, chief advocate, and principal educator.
Europe

Central Bank

Name Website
The European Central Bank www.ecb.europa.eu
The ECB is the central bank for Europe’s single currency, the euro. The ECB’s main task is to maintain the euro’s purchasing power and thus price stability in the euro area. The euro area comprises the 18 European Union countries that have introduced the euro since 1999. The European Central Bank and the national central banks together constitute the Eurosystem, the central banking system of the euro area. The main objective of the Eurosystem is to maintain price stability: safeguarding the value of the euro.

Regulators

Name Abbreviation Website
European Securities and Markets Authority ESMA www.esma.europa.eu
ESMA’s mission is to enhance the protection of investors and reinforce stable and well functioning financial markets in the European Union. As an independent institution ESMA achieves this mission by building a single rule book for EU financial markets and ensuring its consistent application and supervision across the EU.

Associations

Name Sector Website
Association for Financial Markets in Europe Financial Market www.afme.eu
AFME is the voice of Europe’s wholesale financial markets. We represent the leading global and European banks and other significant capital market players.
Name Sector Website
European Fund and Asset Management Association (EFAMA) Fund & Asset Management www.efama.org
Is the representative association for the European investment management industry.
United States

Central Bank

Name Website
Federal Reserve www.federalreserve.gov
The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded.

Regulators

Name Abbreviation Website
Financial Industry Regulatory Authority FINRA www.finra.org
FINRA is dedicated to investor protection and market integrity through effective and efficient regulation of the securities industry.
Name Abbreviation Website
Commodity Futures Trading Commission CFTC www.cftc.gov
The mission of the Commodity Futures Trading Commission (CFTC) is to protect market participants and the public from fraud, manipulation, abusive practices and systemic risk related to derivatives – both futures and swaps – and to foster transparent, open, competitive and financially sound markets.
Name Abbreviation Website
National Futures Association NFA www.nfa.futures.org
National Futures Association (NFA) is the self-regulatory organization for the U.S. derivatives industry, including on-exchange traded futures, retail off-exchange foreign currency (forex) and OTC derivatives (swaps).
Name Abbreviation Website
U.S. Securities and Exchange Commission SEC www.sec.gov
Securities and Exchange Commission established in 1934 to promote stability in the markets and most importantly to protect investors. SEC oversees the key participants in the securities world, including securities exchanges, securities brokers and dealers, investment advisors, and mutual funds.
Argentina

Regulators

Name Abbreviation Website
National Securities Commission NSC(english) CNV(Spanish) www.cnv.gob.ar
The National Securities Commission (NSC) is an autarkic entity with jurisdiction covering the territory of the Argentine Republic. The NSC Supervises corporations authorized to issue securities to the public, the secondary markets where these securities are traded, and all persons and corporations involved in any capacity in the public offering and trading of these securities.
Australia

Central Bank

Name Website
Reserve Bank of Australia www.rba.gov.au
Its duty is to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people. It does this by setting the cash rate to meet an agreed medium-term inflation target, working to maintain a strong financial system and efficient payments system, and issuing the nation’s banknotes. The RBA provides certain banking services as required to the Australian Government and its agencies, and to a number of overseas central banks and official institutions. Additionally, it manages Australia’s gold and foreign exchange reserves.

Regulators

Name Abbreviation Website
Australian Securities and Investments Commission ASIC www.asic.gov.au
ASIC is Australia’s corporate, markets and financial services regulator. Regulate Australian companies, financial markets, financial services organizations and professionals who deal and advise in investments, superannuation, insurance, deposit taking and credit.
Austria

Central Bank

Name Website
Oesterreichische Nationalbank www.oenb.at
The Oesterreichische Nationalbank (OeNB) is the central bank of the Republic of Austria and as such an integral part of the European System of Central Banks (ESCB). The OeNB contributes, in the public interest, to monetary and economic policy decision-making in Austria and the euro area. In fulfilling this role, the OeNB is independent and not bound by any instructions.

Regulators

Name Abbreviation Website
Financial Market Authority FMA www.fma.gv.at
Supervising all significant providers and functions under one roof. The authority supervises banks, insurance undertakings, Pensionskassen (pension companies), corporate provision funds, investment firms and investment service providers, investment funds, financial conglomerates and exchange operating companies. It also monitors activities to ensure that trading in listed securities complies with legal requirements and the principles of fairness and transparency (supervision of the market and stock exchange).
Bahamas

Regulators

Name Abbreviation Website
Securities Commission of The Bahamas www.scb.gov.bs
Oversee and regulate the activities of the securities and capital markets, to protect the investors while strengthening the public and institutional confidence in the integrity of those markets.
Belgium

Central Bank

Name Website
National Bank of Belgium www.nbb.be
The National Bank of Belgium has been Belgium’s central bank since 1850. It performs tasks in the general interest at both national and international level.

Regulators

Name Abbreviation Website
Financial Services and Markets Authority FSMA www.fsma.be
The FSMA is responsible for supervising the financial markets and listed companies, authorizing and supervising certain categories of financial institutions, overseeing compliance by financial intermediaries with codes of conduct and supervising the marketing of investment products to the general public, as well as for the ‘social supervision’ of supplementary pensions. The Belgian government has also tasked the FSMA with contributing to the financial education of savers and investors.
Belize

Regulators

Name Abbreviation Website
International Financial Services Commission Belize www.ifsc.gov.bz
Providing appropriate supervision and regulation of international financial services, formulating policies and providing advice and assistance to the government on the regulation of such services.
Brazil

Regulators

Name Abbreviation Website
Securities and Exchange Commission of Brazil CVM (Spanish) www.cvm.gov.br
The CVM is empowered to discipline, rule, and supervise the activities of all market participants.
British Virgin Islands

Regulators

Name Abbreviation Website
Financial Services Commission www.bvifsc.vg
Autonomous regulatory authority responsible for the regulation, supervision and inspection of all financial services in and from within the BVI. Such services include insurance, banking, trustee business, company management, mutual funds business as well as the registration of companies, limited partnerships, intellectual property and ships.
Bulgaria

Central Bank

Name Website
Bulgarian National Bank www.bnb.bg
The BNB’s major objective is to maintain price stability by ensuring the stability of the national currency. The Bank supports the creation and functioning of efficient payment systems and exerts oversight over these. It is the only issuing institution in Bulgaria and maintains the cash cycle. The BNB shall regulate and supervise other banks’ activities in this country for the purpose of ensuring the stability of the banking system and protecting depositors’ interests. The Bank carries out research work, compiles, aggregates and analyses statistical data.

Regulators

Name Abbreviation Website
Bulgarian National Bank www.bnb.bg
The BNB’s major objective is to maintain price stability by ensuring the stability of the national currency. The Bank supports the creation and functioning of efficient payment systems and exerts oversight over these. It is the only issuing institution in Bulgaria and maintains the cash cycle. The BNB shall regulate and supervise other banks’ activities in this country for the purpose of ensuring the stability of the banking system and protecting depositors’ interests. The Bank carries out research work, compiles, aggregates and analyses statistical data.
Canada

Central Bank

Name Website
Bank of Canada www.bankofcanada.ca
Bank Of Canada is Canada’s Central Bank. The responsibilities for the Bank of Canada is the country monetary policy, bank notes, financial system and funds management. Its principal role as defined in the Bank of Canada Act is to promote the economic and financial welfare of Canada.

Regulators

Name Abbreviation Website
Investment Industry Regulatory Organization of Canada IIROC www.iiroc.ca
The Investment Industry Regulatory Organization of Canada is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
Cayman Islands

Regulators

Name Abbreviation Website
Cayman Islands Monetary Authority www.cimoney.com.ky
As the primary financial services regulator, the mission of the Cayman Islands Monetary Authority is to enhance the economic wealth and reputation of the Cayman Islands by fostering a thriving and growing, competitive, and internationally recognised financial services industry, through appropriate, responsive, cost-effective and efficient supervision and a stable currency.
China

Central Bank

Name Website
People’s Bank of China (PBC) www.pbc.gov.cn
Monetary Policy, Survey&Statistics, Rules&Regulations, Financial Stability.
The People’s Bank of China is the central bank of the People’s Republic of China and it was established on December 1, 1948. Objectives of the central bank are to control monetary policy and regulate financial institutions in China.

Regulators

Name Abbreviation Website
China Securities Regulatory Commission www.csrc.gov.cn
Authorized by the State Council, in accordance with relevant laws and regulations, the China Securities Regulatory Commission, a ministry-level unit directly under the State Council, regulates China’s securities and futures markets with an aim to ensure their orderly and legitimate operation.
Croatia

Central Bank

Name Website
Croatian National Bank www.hnb.hr
The Croatian National Bank, as stipulated by the Constitution of the Republic of Croatia, is the central bank of the Republic of Croatia. The status, tasks, objectives and capital ownership of the central bank, its powers, organization and relations with the bodies of the Republic of Croatia, banks and international institutions and organizations.

Regulators

Name Abbreviation Website
CROATIAN FINANCIAL SERVICES SUPERVISORY AGENCY HANFA www.hanfa.hr
The Croatian Financial Services Supervisory Agency (Hanfa) is a supervisory body whose scope of activities and competence cover the supervision of financial markets, financial services and supervised entities providing those services.
Cyprus

Central Bank

Name Website
Central Bank of Cyprus www.centralbank.gov.cy
The Central Bank of Cyprus was established in 1963, shortly after Cyprus gained its independence, as an autonomous institution in accordance with the Central Bank of Cyprus Law 1963 and the relevant articles of the Constitution. Today the Bank is governed by the Central Bank of Cyprus Laws 2002-2007, which ensure the Bank’s independence as well as compatibility with the relevant provisions of the Treaty establishing the European Community and the Statute of the European System of Central Banks and of the European Central Bank.

Regulators

Name Abbreviation Website
Cyprus Securities and Exchange Commission CySEC www.cysec.gov.cy
Responsible for the supervision of the investment services market and transactions in transferable securities carried out in the Republic of Cyprus.

Associations

Name Sector Website
Cyprus Fiduciary Association Fiduciary Services www.cfa.org.cy
Development and coordination of the common interests of its members in relation to all competent regulatory institutions and creating a significant representation before the competent regulatory authorities and advisory committees of any suitable regulatory body.
Name Sector Website
Institute of Certified Public Accountants of Cyprus (ICPAC) Accounting www.icpac.org.cy
ICPAC is the only recognized by the state Body that can regulate and supervise the accountancy profession in Cyprus.
Name Sector Website
Cyprus Financial Services Firms Association (C.F.S.F.A) Investment Firms www.cfsfa.org.cy
It is the official representative body of all Cyprus Investment Firms (CIFs) which are Members of the Cyprus Stock Exchange, a number of Investment Firms (IFs) which are members of the Athens Stock Exchange and remote Members of the Cyprus Stock Exchange, as well as a number of CIFs whose main activities relate to the provision of services for investments abroad. All members of the Association are licensed and regulated by the Cyprus Securities and Exchange Commission.
Name Sector Website
Cyprus Bar Association Law www.cyprusbarassociation.org
The Cyprus Bar Association is the professional body for over 2000 advocates members.
Name Sector Website
Cyprus Institute of Internal Auditors (IIA Cyprus) Internal Audit www.iiacyprus.org.cy
The Cyprus Institute of Internal Auditors (IIA Cyprus) was founded in 1998 as a non-profit organization.
Czech Republic

Central Bank

Name Website
Czech National Bank (CNB) www.cnb.cz
The CNB is the central bank of the Czech Republic and the supervisor of the Czech financial market. As an independent institution, the Czech National Bank maintains price stability, supervises the financial system and supports its balanced development, and ensures smooth circulation of money and smooth payments.

Regulators

Name Abbreviation Website
Czech National Bank CNB www.cnb.cz
The CNB is the central bank of the Czech Republic and the supervisor of the Czech financial market. As an independent institution, the Czech National Bank maintains price stability, supervises the financial system and supports its balanced development, and ensures smooth circulation of money and smooth payments.
Denmark

Central Bank

Name Website
Danmarks Nationalbank www.nationalbanken.dk
The Nationalbank established in 1818 to issue the Danish currency and ensure its stability.
The main objectives of Danmarks Nationalbank are to maintain stable prices, to promote safe settlement of cash and electronic payments and to maintain the stability of the financial system.

Regulators

Name Abbreviation Website
Finanstilsynet (Danish FSA) FSA www.dfsa.dk
Main task is to supervise compliance with financial legislation by financial undertakings and issuers of securities as well as investors on the securities markets.
Estonia

Central Bank

Name Website
Eesti Pank www.eestipank.ee
Eesti Pank is the central bank of the Republic of Estonia and a member of the European System of Central Banks. Estonia adopted the euro on 1 January 2011, becoming the seventeenth euro area Member State. This also meant that Eesti Pank joined the Eurosystem. The primary objective of Eesti Pank is to contribute to price stability within the euro area.Besides the price stability objective, Eesti Pank also contributes to achieving other economic policy goals in Estonia and in the euro area in line with the Treaty on the Functioning of the European Union.In addition, Eesti Pank fulfils the traditional functions of a central bank: manages currency circulation, supports and organises transfers between commercial banks, participates in safeguarding financial stability, manages the foreign reserves of Estonia, prepares financial sector statistics and balance of payments statistics, and advises the government in economic policy issues of Estonia and of the euro area.

Regulators

Name Abbreviation Website
Financial Supervision Authority www.fi.ee
The Financial Supervision Authority conducts state supervision over the banks, insurance companies, insurance intermediaries, investment firms, management companies, investment and pension funds as well as the payment service providers, e-money institutions and securities market that have been authorized by the Financial Supervision Authority.
Finland

Central Bank

Name Website
Bank of Finland www.suomenpankki.fi
The Bank of Finland has four core functions: monetary policy and reserach, financial supervision, banking operations and currency supply.

Regulators

Name Abbreviation Website
Financial Supervisory Authority FIN-FSA www.fin-fsa.fi
Is the authority for supervision of Finland’s financial and insurance sectors. The entities supervised by the authority include banks, insurance and pension companies as well as other companies operating in the insurance sector, investment firms, fund management companies and the Helsinki Stock Exchange.
France

Central Bank

Name Website
Banque De France www.banque-france.fr
Monetary Policy, Financial Stability, Economics & Statistics, Supervision & Regulation, Eurosystem & International.

Regulators

Name Abbreviation Website
Autorité des Marchés Financiers AMF www.amf-france.org
The Autorité des Marchés Financiers (AMF) regulates participants and products in France’s financial markets. It regulates, authorises, monitors, and, where necessary conducts investigations and issues sanctions. In addition, it ensures that investors receive material information, and provides a mediation service to assist them in disputes.
Name Abbreviation Website
Credit Institutions and Investment Firms Committee www.banque-france.fr
The Autorité des Marchés Financiers (AMF) regulates participants and products in France’s financial markets. It regulates, authorises, monitors, and, where necessary conducts investigations and issues sanctions. In addition, it ensures that investors receive material information, and provides a mediation service to assist them in disputes.
Germany

Central Bank

Name Website
BundesBank www.bundesbank.de
The Deutsche Bundesbank is the central bank of the Federal Republic of Germany and, thus, the “banker’s bank”. Since 1999, it has been part of the Eurosystem, sharing responsibility with the other national central banks and the European Central Bank for the single currency, the euro. The overriding aim behind all of the Bundesbank’s activities is to safeguard the stability of the general price level and the financial system.

Regulators

Name Abbreviation Website
Federal Financial Supervisory Authority BaFin www.bafin.de
BaFin operates in the public interest. Its primary objective is to ensure the proper functioning, stability and integrity of the German financial system. Bank customers, insurance policyholders and investors ought to be able to trust the financial system. Under its solvency supervision, BaFin helps ensure the ability of banks, financial services institutions and insurance undertakings to meet their payment obligations. Through its market supervision, BaFin also enforces standards of professional conduct which preserve investors’ trust in the financial markets. As part of its investor protection, BaFin also seeks to prevent unauthorised financial business.
Greece

Central Bank

Name Website
Bank of Greece www.bankofgreece.gr
The Bank of Greece is responsible for implementing the Eurosystem’s monetary policy in Greece and safeguarding the stability of the Greek financial system. According to its Statute, its primary objective is to ensure the stability of the general price level. Without prejudice to its primary objective, the Bank supports the general economic policy of the government. In the performance of its tasks, the Bank enjoys institutional, personal and operational independence, and is accountable to the Greek Parliament.
Guernsey

Regulators

Name Abbreviation Website
Guernsey Financial Services Commission www.gfsc.gg
The Commission’s primary objective is to regulate and supervise financial services in Guernsey.
Hungary

Central Bank

Name Website
Central Bank of Hungary www.mnb.hu
The MNB and the members of its decision-making bodies shall be independent in carrying out the tasks and meeting their obligations conferred upon them by the MNB Act, and shall neither seek nor take instructions from the Government, the institutions and bodies of the European Union, the governments of its Member States and any other bodies, except from the European Central Bank. The primary objective of Magyar Nemzeti Bank (the central bank of Hungary) is to achieve and maintain price stability.
India

Central Bank

Name Website
Reserve Bank of India www.rbi.org.in
Monetary Authority, Regulator and supervisor of the financial system, Manager of Foreign Exchange, Issuer of Currency, Development role, Banker to the Goverment, Banker to Banks.

Regulators

Name Abbreviation Website
Securities and Exchange Board of India SEBI www.sebi.gov.in
The Market Intermediaries Regulation and Supervision Department is responsible for the registration, supervision, compliance monitoring and inspections of all market intermediaries in respect of all segments of the markets viz. equity, equity derivatives, debt and debt related derivatives. The Department also handles the work related to action against the intermediaries for regulatory violations.
Indonesia

Central Bank

Name Website
Bank Indonesia www.bi.go.id
Bank Indonesia (BI) is the central bank of the Republic of Indonesia and it was founded on 1 July 1953 from the nationalization of De Javasche Bank (Bank of Java), a Dutch bank dating from colonial times. Strategic objectives of Bank of Indonesia are, maintian the monetary stability, create a stable and effective banking and financialsystem and maintain the security of payment system.
Ireland

Central Bank

Name Website
Central Bank of Ireland www.centralbank.ie
Responsible for both central banking and financial regulation. Monetary Policy&Operations, Financial Stability, Financial Regulation, Consumer Protection, Economic Policy&Statistics, Payments Systems&Currency.

Regulators

Name Abbreviation Website
Central Bank of Ireland www.centralbank.ie
All of the financial services providers and funds are required to be either licensed or authorised by the Central Bank of Ireland.
Isle of Man

Regulators

Name Abbreviation Website
Financial Supervision Commission www.fsc.gov.im
The Financial Supervision Commission is the regulator of Banks, Investment Businesses, Corporate Service Providers,Trust Service Providers, Professional Officers, Collective Investment Schemes and Service Providers, and Money Transmission Services.
Israel

Central Bank

Name Website
Bank of Israel www.boi.org.il
The Bank of Israel is the central bank of the State of Israel. The Bank was established in 1954. The Bank is independent, and its objectives and operating methods are specified in the Bank of Israel Law, 5770-2010. Its objectives are to maintain price stability, to support the Government’s objectives especially growth and employment, and to support the stability of the financial system.

Regulators

Name Abbreviation Website
Israel Securities Authority ISA www.isa.gov.il
The Israel Securities Authority (ISA) is the national securities regulator of Israel and was established by law in 1968. Objectives of ISA are to supervise public securities offering, to grant permits to publish prospectuses, to regulate and supervise the mutual fund industry, to oversee the operations of the Tel Aviv Stock Exchange, to supervise, licensing, and disciplining portfolio managers and investment advisors and to conduct investigations for possible violations of securities law.
Italy

Central Bank

Name Website
Bank of Italy www.bancaditalia.it
The Bank of Italy is the central bank of the Republic of Italy and part of the European System of Central Banks (ESCB) and the Eurosystem. It is a public-law institution and pursues aims of general interest in monetary and financial matters: price stability, the primary objective of the Eurosystem under the Treaty establishing the European Community (the EC Treaty); the stability and efficiency of the financial system, thus implementing the principle of the protection of savings embodied in the Constitution (Article 47(1) “The Republic encourages and protects saving in all its forms, it regulates, coordinates and controls the provision of credit”); and the other duties entrusted to it by Italian law. In performing its tasks the Bank operates autonomously and independently.

Regulators

Name Abbreviation Website
Commissione Nazionale per le Società e la Borsa CONSOB www.consob.it
Is the public authority responsible for regulating the Italian securities market and its main aim is the protection of the investing public. CONSOB ensures for transparency and correct behaviour by securities market participants, disclosure of complete and accurate information to the investing public by listed companies, accuracy of the facts represented in the prospectuses related to offerings of transferable securities to the investing public and ensures compliance with regulations by auditors entered in the Special Register.
Japan

Central Bank

Name Website
Bank of Japan www.boj.or.jp
The Bank of Japan is the central bank of Japan. It is a juridical person established based on the Bank of Japan Act (hereafter the Act), and is not a government agency or a private corporation. The Act sets the Bank’s objectives, to issue banknotes and to carry out currency and monetary control and to ensure smooth settlement of funds among banks and other financial institutions, thereby contributing to the maintenance of stability of the financial system.

Regulators

Name Abbreviation Website
Japan Securities Dealers Association JSDA www.jsda.or.jp
JSDA extensively regulates market intermediaries. Its self-regulatory functions encompass rule-making, enforcement, inspection, disciplinary actions, accreditation of sales representatives, and dispute mediation.
Name Abbreviation Website
Financial Services Agency FSA www.fsa.go.jp
The Financial Services Agency is a Japanese government organization responsible for overseeing banking, securities and exchange, and insurance in order to ensure the stability of the financial system of Japan. Under the authority of the Financial Services Agency comes the Securities and Exchange Surveillance Commission which is responsible for ensuring fair transactions in both securities and financial futures markets.
Latvia

Central Bank

Name Website
Bank of Latvia www.bank.lv
The objective of the operation of the Bank of Latvia as the central bank is price stability promoting Latvia’s long-term economic growth. The BoL ensures the circulation of cash currency and provides the environment for the functioning of safe interbank payment systems; it manages the foreign currency and gold reserves that cover the relevant liabilities, including currency in circulation, the deposits by the government and commercial banks with the central bank. The BoL also compiles the balance of payments and financial statistics.

Regulators

Name Abbreviation Website
Financial and Capital Market Commission www.fktk.lv
The Financial and Capital Market Commission is an autonomous public institution, which carries out the supervision of Latvian banks, insurance companies and insurance brokerage companies, participants of financial instruments market, as well as private pension funds, payment institutions and electronic money institutions.
Liechtenstein

Regulators

Name Abbreviation Website
Financial Market Authority Liechtenstein FMA www.fma-li.li
The FMA is the independent financial market supervisory authority of Liechtenstein, ensuring the stability and credibility of the financial market, the protection of clients, and the prevention and prosecution of abuse.
Lithuania

Central Bank

Name Website
Bank of Lithuania www.lbank.lt
The Bank of Lithuania is the central bank of the Republic of Lithuania. Its principal objective is to maintain price stability. In seeking its principal objective, the Bank of Lithuania is independent from the Government of the Republic of Lithuania or other institutions of the state.

Regulators

Name Abbreviation Website
Bank of Lithuania www.lbank.lt
The Bank of Lithuania is the central bank of the Republic of Lithuania. The Bank of Lithuania issues licences to financial market participants for the provision of financial services and supervises their activities. As a supervisory authority, the Bank of Lithuania monitors the compliance of financial market participants with laws and requirements set by legal acts of the Bank of Lithuania, International Financial Reporting Standards, requirements recommended by international organisations for safe and sound activities.
Luxembourg

Central Bank

Name Website
Banque centrale du Luxembourg www.bcl.lu
The BCL’s contribution is important for the euro area and for the country. The Maastricht Treaty and the advent of the euro made the creation of a central bank necessary. The BCL is in charge of essential missions regarding monetary policy, the issuing of banknotes, financial stability, payment systems and even economic analysis.

Regulators

Name Abbreviation Website
Commission de Surveillance du Secteur Financier CSSF www.cssf.lu
The Commission de Surveillance du Secteur Financier is responsible for the prudential supervision of credit institutions, professionals of the financial sector (investment firms, specialised PFS, support PFS), undertakings for collective investment, pension funds, SICARs, securitisation undertakings issuing securities to the public on a continuous basis, regulated markets and their operators, multilateral trading facilities, payment institutions and electronic money institutions. It also supervises the securities markets, including their operators.
Malta

Central Bank

Name Website
Central Bank of Malta www.centralbankmalta.org
The Central Bank of Malta is an independent institution which forms an integral part of the Eurosystem and, as a member of the European System of Central Banks (ESCB), it has the primary objective of maintaining price stability. The Bank is entrusted with all major central banking tasks, particularly that of ensuring the stability of the financial system.

Regulators

Name Abbreviation Website
Malta Financial Services Authority MFSA www.mfsa.com.mt
The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. The financial services sector incorporates all financial activity including that of credit institutions, financial and electronic money institutions, securities and investment services companies, regulated markets, insurance companies, pension schemes and trustees. The MFSA also manages the Registry of Companies and has also been appointed as the Listing Authority.
Mauritius

Regulators

Name Abbreviation Website
Mauritius Financial Services Commission FSC www.fscmauritius.org
Is the integrated regulator for the non-bank financial services sector and global business.
Netherlands

Central Bank

Name Website
De Nederlandsche Bank (DNB) www.dnb.nl
Responsible for safeguarding financial stability. More particularly, DNB contributes to defining and implementing the single monetary policy of the countries which have introduced the euro promotes the smooth operation of the payment system, and supervises financial institutions and the financial sector.

Regulators

Name Abbreviation Website
Autoriteit Financiële Markten AMF www.afm.nl
The Netherlands Authority for the Financial Markets was set up on 1 March 2002.
Its responsibilities greatly expand to cover all financial products, including savings, investments, loans, insurance and accounting. The AFM aims to make the financial markets more accessible, promote the smooth operation of the financial markets, and promote confidence in the fianancial markets.
New Zealand

Central Bank

Name Website
Reserve Bank of New Zealand www.rbnz.nz
The Reserve Bank of New Zealand is New Zealand’s central bank. The Reserve Bank manages monetary policy to maintain price stability, promotes the maintenance of a sound and efficient financial system, and supplies New Zealand banknotes and coins

Regulators

Name Abbreviation Website
Financial Markets Authority FMA www.fma.govt.nz
The Financial Markets Authority regulates New Zealand’s financial markets, oversee securities, financial reporting and company law as they apply to financial services and securities markets.
Norway

Central Bank

Name Website
Norges Bank www.norges-bank.no
Norges Bank is Norway’s central bank. The Bank shall promote economic stability in Norway. Norges Bank has executive and advisory responsibilities in the area of monetary policy and is responsible for promoting robust and efficient payment systems and financial markets. Norges Bank manages Norway’s foreign exchange reserves and the Government Pension Fund Global.

Regulators

Name Abbreviation Website
Finanstilsynet The Financial Supervisory Authority of Norway www.finanstilsynet.no
Finanstilsynet is responsible for the supervision of banks, finance companies, mortgage companies, insurance companies, pension funds, investment firms, securities fund management and market conduct in the securities market, stock exchanges and authorised market places, settlement centres and securities registers, estate agencies, debt collection agencies, external accountants and auditors.
Philippines

Central Bank

Name Website
Bangko Sentral ng Pilipinas (BSP) www.bsp.gov.ph
BSP is committed to promote and maintain price stability and provide proactive leadership in bringing about a strong financial system conducive to a balanced and sustainable growth of the economy. Towards this end, it shall conduct sound monetary policy and effective supervision over financial institutions under its jurisdiction.
Poland

Central Bank

Name Website
National Bank of Poland www.nbp.pl
The fundamental objective of the NBP’s activity is to maintain price stability. The National Bank of Poland is responsible for the stability of the national currency. Fulfilling this constitutional obligation, the NBP develops and implements the monetary policy strategy and the annual monetary policy guidelines.

Regulators

Name Abbreviation Website
Polish Financial Supervision Authority KNF www.knf.gov.pl
The KNF supervises the financial services industry in Poland. This includes credit institutions, insurance firms, investment companies, exchanges, pension scheme as well as payment institutions and credit unions.
Portugal

Central Bank

Name Website
Banco de Portugal www.bportugal.pt
The primary objective of the Eurosystem, of which Banco de Portugal is an integral part, is to maintain price stability, i.e. to maintain the purchasing power of money. This objective is laid down in the Treaty establishing the European Community. The governor of Banco de Portugal performs the tasks of member of the Governing Council and of the General Council of the European Central Bank (ECB).

Regulators

Name Abbreviation Website
Portuguese Securities Market Commission CMVM www.cmvm.pt
Supervising and regulating securities and other financial instruments markets (traditionally known as “stock markets”), as well as the activity of all those who operate within said markets.
Qatar

Central Bank

Name Website
Qatar Central Bank www.qcb.gov.qa
Exchange rate policy, Monetary policy, Investment policy.

Regulators

Name Abbreviation Website
Qatar Financial Markets Authority QFMA www.qfma.org.qa
QFMA is an independent regulatory authority to supervise the financial markets and firms that are authorized to conduct activities related to securities in or from the State of Qatar and empowered to exercise regulatory oversight and enforcement over the capital markets.
Romania

Central Bank

Name Website
National Bank of Romania www.bnro.ro
Its primary objective is to ensure and maintain price stability. The National Bank of Romania is the sole institution authorised to issue currency, in the form of banknotes and coins to be used as legal tender in Romania, based on a currency issue programme drafted in terms of the real needs of money circulation. The central bank is the sole institution vested with licensing and regulatory powers in the banking field, being responsible for prudential supervision of credit institutions in order to ensure the smooth functioning and viability of the banking system.

Regulators

Name Abbreviation Website
Romanian National Securities Commission CNVM www.cnvmr.ro
Romanian National Securities Commission is the supervisory authority for financial Instruments and Investments Sector in Romania.
Russia

Central Bank

Name Website
Central Bank of the Russian Federation (Bank of Russia) www.cbr.ru
The Bank of Russia performs its functions in compliance with the Constitution of the Russian Federation, Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia) (hereinafter referred to as the Bank of Russia Law) and other federal laws.

Regulators

Name Abbreviation Website
Federal Commission of Securities Market www.fcsm.ru
Service of the Bank of Russia on the financial markets – a division of the Bank of Russia. Service of the Bank of Russia, carrying out the adoption regulations, control and supervision in the financial markets.
Saudi Arabia

Central Bank

Name Website
Saudi Arabian Monetary Agency (SAMA) www.sama.gov.sa
The central bank of the Kingdom of Saudi Arabia was established in 1952. It has been entrusted with performing many functions pursuant to several laws and regulations.
Singapore

Central Bank

Name Website
Monetary Authority of Singapore www.mas.gov.sg
As Singapore’s central bank, the Monetary Authority of Singapore (MAS) promotes sustained, non-inflationary economic growth through appropriate monetary policy formulation and close macroeconomic surveillance of emerging trends and potential vulnerabilities. It manages Singapore’s exchange rate, foreign reserves and liquidity in the banking sector. MAS is also an integrated supervisor overseeing all financial institutions in Singapore banks, insurers, capital market intermediaries, financial advisors, and the stock exchange.

Regulators

Name Abbreviation Website
Monetary Authority of Singapore MAS www.mas.gov.sg
MAS is the central bank of Singapore and its mission is to promote sustained non-inflationary economic growth, and a sound and progressive financial centre. Further, MAS conducts integrated supervision of financial services and financial stability surveillance.
Slovakia

Central Bank

Name Website
Národná banka Slovenska www.nbs.sk
Since 1 January 2009, National Bank of Slovakia has been part of the Eurosystem. In cooperation with the European Central Bank and central banks of the euro area countries, it maintains the price stability.

Regulators

Name Abbreviation Website
National Bank of Slovakia www.nbs.sk
The National Bank of Slovakia as part of its supervision of the financial market, performs supervision of stock exchange, central depository of securities, issuers of securities, Investment Guarantee Fund, collective investment, investment firms, takeover bids and squeeze-out and public offer.
Slovenia

Central Bank

Name Website
Bank of Slovenia www.bsi.si
The Bank of Slovenia carries out the following tasks:implements the common monetary policy, co-manages the official foreign reserves of the Member States in accordance with the Treaty on establishing the European Community, and promotes the smooth operation of payment systems. The Bank of Slovenia also carries out all other tasks pursuant to the BoSA.

Regulators

Name Abbreviation Website
Securities Market Agency www.a-tvp.si
The Securities Market Agency was founded on 13 March 1994 and is a legal entity under public law in charge of supervising the market in financial instruments.
South Africa

Central Bank

Name Website
South African Reserve Bank www.resbank.co.za
Ensuring that the South African money, banking and financial system as a whole is sound, meets the requirements of the community and keeps abreast of international developments, Assisting the South African government, as well as other members of the economic community of southern Africa, with data relevant to the formulation and implementation of macroeconomic policy, and Informing the South African community and all stakeholders abroad about monetary policy and the South African economic situation.

Regulators

Name Abbreviation Website
Financial Services Board FSB www.fsb.co.za
The Financial Services Board is a unique independent institution established by statute to oversee the South African Non-Banking Financial Services Industry in the public interest.
Spain

Central Bank

Name Website
Banco de España www.bde.es
The Banco de España is the national central bank and supervisor of the Spanish banking system. Its activity is regulated by the Law of Autonomy of the Banco de España.

Regulators

Name Abbreviation Website
Comisión Nacional del Mercado de Valores CNVM www.cnmv.es
The agency in charge of supervising and inspecting the Spanish Stock Markets and the activities of all the participants in those markets.
Sweden

Central Bank

Name Website
Riksbank www.riksbank.se
The Riksbank is Sweden’s central bank and an authority under the Riksdag, the Swedish parliament. The Riksbank is responsible for monetary policy with the objective to maintain price stability. The bank has also been given the task to promote a safe and efficient payment system.

Regulators

Name Abbreviation Website
Finansinspektionen FSA www.fi.se
Finansinspektionen monitors and analyses trends in the financial market. We assess the financial health of individual companies, the various sectors and the financial market as a whole. We examine the risks and control systems in financial companies and supervise compliance with statutes, ordinances and other regulations. We also supervise compliance with the Swedish Insider Act, investigate cases of suspected offences and share price manipulations.
Switzerland

Central Bank

Name Website
Swiss National Bank www.snb.ch
The Swiss National Bank (SNB) conducts the country’s monetary policy as an independent central bank. Price stability, Implementation of monetary policy, cash supply and distribution, Cashless payment transactions, Asset management, Financial system stability, International monetary cooperation, Banket to the Confederation, Statistics.

Regulators

Name Abbreviation Website
Swiss Financial Market Supervisory Authority FINMA www.finma.ch
The Swiss Financial Market Supervisory Authority FINMA is an institution under public law with its own legal personality. It is responsible for implementing the Financial Market Supervision Act and financial market legislation. As an independent supervisory authority, FINMA acts to protect the interests of creditors, investors and insured persons and to ensure the proper functioning of the financial markets.
Turkey

Central Bank

Name Website
Central Bank of the Republic of Turkey www.tcmb.gov.tr
The primary objective of the Bank shall be to achieve and maintain price stability. The Bank shall determine on its own discretion the monetary policy that it shall implement and the monetary policy instruments that it is going to use in order to achieve and maintain price stability. The Bank shall, provided that it shall not be in confliction with the objective of achieving and maintaining price stability, support the growth and employment policies of the Government.

Regulators

Name Abbreviation Website
Capital Markets Board of Turkey CMB www.cmb.gov.tr
Capital Markets Board of Turkey is the regulatory and supervisory authority in charge of the securities markets in Turkey. The CMB has been making detailed regulations for organizing the markets and developing capital market instruments and institutions for the past nineteen years in Turkey.
United Arab Emirates

Central Bank

Name Website
Central Bank of United Arab Emirates www.centralbank.ae
The main responsibility of the Central Bank is formulation and implementation of banking, credit and monetary policies, to ensure the growth of the national economy of the UAE in a balanced manner.

Regulators

Name Abbreviation Website
Dubai Financial Services Authority DFSA www.dfsa.ae
The DFSA is the independent regulator of all financial and ancillary services conducted through the DIFC, a purpose-built free-zone in Dubai.
United Kingdom

Central Bank

Name Website
Bank of England www.bankofengland.co.uk
Financial stability entails maintaining an efficient flow of funds within the economy and confidence in financial intermediaries.

Regulators

Name Abbreviation Website
Financial Conduct Authority FCA www.fca.org.uk
Regulate firms and financial advisers so that markets and financial systems remain sound, stable and resilient.

Associations

Name Sector Website
British Bank Association Banking and financial services www.bba.org.uk
Represent our members to policymakers, regulators, the media and all key stakeholders across the UK, Europe and beyond, working together to promote a legislative and regulatory system that works for customers and promotes economic growth.
Name Sector Website
Investment Management Association (IMA) Investment Firms www.investmentfunds.org.uk
The Investment Management Association (IMA) represents the UK investment management industry.
Name Sector Website
Association of Professional Compliance Consultants (APCC) Compliance www.apcc.org.uk
The Association of Professional Compliance Consultants is the only nationwide association of compliance consultancy firms in the UK.
Name Sector Website
Chartered Institute of Internal Auditors Internal Audit www.iia.org.uk
The role of internal audit is to provide independent assurance that an organization’s risk management, governance and internal control processes are operating effectively.