I'm quite niave in the ways and make up of financial instituations. But from what I can tell - many of the US regulatory bodies seems to be private (but not ost

I'm quite niave in the ways and make up of financial instituations. But from what I can tell - many of the US regulatory bodies seems to be private (but not ostensibly for profit) companies. Infact the US Federal Reserve is not a government entity - its a private (and public somehow). https://www.stlouisfed.org/in-plain-english/who-owns-the-federal-reserve-banks https://www.stlouisfed.org/in-plain-english/who-owns-the-fed... This contrasts (as far as I can tell) with Australia, where the central bank is 100% state-owned.