JP Morgan Chase

Role of administrative agencies

The securities and the banking system of a country are known to be one of the strongest and the most important foundations of an economy. To ensure that these systems do not move into negative or loss making territories, the government of a country requires keeping a check and control over the functions and operations of entities that are part of these securities and banking system. If the government does not ensure regulation of these systems, the entities involved in these sectors can make decisions that are only beneficial to them, while all other stakeholders are not considered in the process. Such decisions can gravely impact on the economy in general and can result in the uprising of an unwanted influence amongst the powerful entities. In the United States of America, the Securities and Exchange Commission (SEC) is required to perform the task...
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