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QUESTION
What are the specific ways banks impact the economy? How was the regulatory environment revised? Is the regulation effective?
- What are the specific ways banks impact the economy?
- How was the regulatory environment revised?
- Is the regulation effective?
- What risk management standards had to be employed as a result of legislation?
- What are the consequences of failure to meet the standards outlined by regulators?
- Would a firm be prudent to properly manage their level of leverage and liquidity if it were not regulated? Why or why not? What tools can organizations employ to manage these risks?
