National Futures Association (NFA): Overview and Role The National Futures Association (NFA) is a self-regulatory organization (SRO) that operates in the United States futures industry. It was established in 1982 and is responsible for overseeing and regulating the activities of futures commission merchants (FCMs), commodity trading advisors (CTAs), commodity pool … …
National Association of Securities Dealers (NASD) Definition The National Association of Securities Dealers (NASD) was a self-regulatory organization (SRO) in the United States that regulated the securities industry. It was established in 1939 and operated until 2007 when it merged with the New York Stock Exchange’s regulatory arm to form … …
What is ISO? The International Organization for Standardization (ISO) is an independent, non-governmental international organization that develops and publishes standards to ensure the quality, safety, and efficiency of products, services, and systems. It was established in 1947 and is headquartered in Geneva, Switzerland. ISO standards are developed through a consensus-based … …
International Labor Organization: Definition and Standards The International Labor Organization (ILO) is a specialized agency of the United Nations that sets international labor standards and promotes social justice and decent work for all. It was established in 1919 and is headquartered in Geneva, Switzerland. The ILO’s primary goal is to … …
Role of the Federal Trade Commission The Federal Trade Commission (FTC) plays a crucial role in protecting consumers and promoting fair competition in the marketplace. Established in 1914, the FTC is an independent agency of the United States government. Its primary mission is to prevent unfair business practices, including deceptive … …
Federal Communications Commission (FCC) Mission The Federal Communications Commission (FCC) is an independent agency of the United States government that is responsible for regulating interstate and international communications by radio, television, wire, satellite, and cable. The mission of the FCC is to ensure that the American people have access to … …
Role of the Bureau of Labor Statistics The Bureau of Labor Statistics (BLS) plays a crucial role in providing accurate and reliable information about the labor market and economic conditions in the United States. As a federal agency, the BLS is responsible for collecting, analyzing, and disseminating data related to … …
Overview of Basel III Capital Requirements The Basel III Capital Requirements are a set of international banking regulations developed by the Basel Committee on Banking Supervision (BCBS). These regulations aim to strengthen the banking sector by improving the quality and quantity of capital held by banks, as well as introducing … …
Basel II: Definition, Purpose, and Regulatory Reforms Basel II is an international regulatory framework that sets out the minimum capital requirements for banks and other financial institutions. It was developed by the Basel Committee on Banking Supervision (BCBS), a committee of banking supervisory authorities from various countries. Definition Basel II … …
Purpose of Basel Accords The purpose of the Basel Accords is to establish international standards and regulations for the banking industry. These accords aim to promote financial stability, enhance risk management practices, and ensure the soundness of banks worldwide. One of the primary objectives of the Basel Accords is to … …