MANAGEMENT

Detailed explanation-1: -Hence, Industrial banks are also known as investment banks.

Detailed explanation-2: -BNM is responsible for the prudential regulation of investment banks to ensure their safety and soundness and the overall stability of the financial system. The SC is responsible for the investment banks’ business and market conduct, to promote market integrity and investor protection in the capital markets.

Detailed explanation-3: -India’s top ten investment banks are: The Reserve Bank of India. Credit Suisse Securities (India) Private Ltd. Deutsche Equities India Private Ltd. Edelweiss Financial Services Ltd.

Detailed explanation-4: -Regulatory and supervisory framework Investment banks will hold two licences issued pursuant to the Banking and Financial Institutions Act 1989 and the Securities Industry Act 1983 respectively. They will be co-regulated by Bank Negara Malaysia and the Securities Commission.