Intermediaries

: They must have robust systems to ensure all parties follow applicable laws and standards, which protects investors from legal or reputational damage.

: Commercial banks, mutual funds, insurance companies, and stock exchanges. intermediaries

: By providing economies of scale and specialized expertise, they make processes like lending or product distribution more efficient and less expensive than direct bilateral deals. : They must have robust systems to ensure

: Wholesalers, retailers, agents, and brokers (e.g., real estate or literary agents). and brokers (e.g.

: Data intermediaries act as neutral third parties that connect data holders with users. They must maintain structural separation to ensure they don't profit directly from the data they handle.