Financial markets are the most important sectors of each country?s economy. Having the desired economic growth rate will be impossible without an efficient institution. The most basic interaction efficiency and proper functioning of a country?s financial regulatory system is a complete and powerful supervision authority and agencies. The results indicate that the majority of countries in addition by having separate supervisory institutions for banking, insurance and stock market, due to be a multi financial institutions are moving toward the integration Of financial supervision. On the otherwise in heading countries the body of financial supervision has been changed in recent years.
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