Financial Regulatory Agency Law and Legal Definition

A financial regulatory agency is an agency created to ensure the safe and sound functioning of financial institutions conducting business under the supervision of agency. Financial regulatory agencies are created by statutes.

In the U.S., there are national agencies, federal bank regulatory agencies, and state agencies. The main national agencies are: American Bankers Association, Independent Community Bankers of America, and The National Association of State Credit Union Supervisor. Federal Bank Regulatory Agencies are: Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, Office of Thrift Supervision, National Credit Union Association, and Board of Governors of the Federal Reserve.