Deliverables 

Regulation of the financial sector universally is comprehensively guided by two aims: prudential regulation and direction of business regulation, including consumer protection. The four key institutional frameworks for the regulation of the financial sector globally – Institutional Approach (element-based regulation), Functional Approach (movement-based regulation), Integrated Approach (all-inclusive controller model), and Twin Peaks Approach (a division of prudential regulation and lead of business regulation) – all endeavor to address the above destinations through various formal structures. Post-crisis, another measurement of ‘systemic stability’ is being tried to be included as another goal of financial sector regulation yet the correct shapes in such a manner are still in progress.