Banking Regulation Act
/ˈbæŋkɪŋ ˌrɛɡjʊˈleɪʃən ækt/
Definitions
- (n.) A statute regulating the operations, licensing, and supervision of banking institutions to ensure financial stability and consumer protection.
The Banking Regulation Act mandates regular audits and capital adequacy requirements for banks.
Forms
- banking regulation act
Related terms
See also
Commentary
Typically enacts licensing, regulatory oversight, and governance standards for banks; varies by jurisdiction but foundational for banking sector compliance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.