Strategic Studies of Jurisprudence and Law

Strategic Studies of Jurisprudence and Law

The Position of Regulatory Authorities Governing the Money Market

Document Type : research

Authors
1 Department of Public Law, Damghan Branch, Islamic Azad University, Damghan, Iran.
2 Department of Law, West Tehran Branch, Islamic Azad University, Tehran, Iran.
3 Department of International Law, Damghan Branch, Islamic Azad University, Damghan, Iran.
10.22034/ejs.2024.460005.1815
Abstract
Background and Purpose: Due to the economic developments and the number of legislative authorities, we are witnessing the inflation of regulations regarding the financial services of the banking network, for this reason, the circular of the Central Bank, the regulations of the Money and Credit Council, the jurisprudence of the Central Bank, in addition to the parliament, have caused the inflation of legislation, which sometimes conflicts with created between them. The purpose of the research is to analyze the role of the regulatory authorities in relation to the financial services of credit institutions, in order to fully and accurately understand the importance of legislation regarding those services and to understand the conflicts and conflicts that exist in relation to the regulation of institutions, and in the end and to As a conclusion, the way out of it is through the unity of the legislative body in the field of financial services based on the constitution and the need to legislate in this way in order to prevent the validity of delegated regulations, whether they are mandated or not.
Methods: It is theoretical and descriptive and analytical. The information is from the library method by referring to books and articles.
Ethical Considerations: In all stages of writing the article, the originality of the text and confidentiality have been respected.
Findings: The central bank's circular and the money and credit advisory council of the central bank are among the mandatory provisions that are mandatory for the banking network and other persons.
Result: According to the current legislative inflation procedure, the need for a single legislation for the banking network or its delegation by the parliament is taken to reduce the confusion of its operators, including the banking network and the people of the community as recipients of public services.
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