Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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. Explain the four different programs of bank regulation the U.S. uses to maintain normal operation of the U.S. banking system
Expert Solution
Introduction-
United States banking regulations are highly fragmented. Most developed countries have only one bank regulator while in the U.S., banking is regulated at both the federal and state level.
U.S. banking regulation addresses various issues for maintaining normal operations in banking system. This includes fraud prevention, anti-money laundering, privacy, disclosure, anti-terrorism, and the promotion of lending to lower-income populations.
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