Using Banking Law Jargon, answer the following questions: 1) Describe and discuss four of the advantages of the role of the Central Bank as “lender of last resort”. 2) Describe and discuss how correspondent banks help fight Money Laundering, Terrorism Financing and/or Proliferation Financing. 3) Describe shadow banking and FinTech and give one example of FinTech. Is it fair to state that FinTEch is a form of shadow banking. If so or if not, please explain why. 4) Describe prudential regulation and define and distinguish between macro and micro prudential regulation. What is the purpose of prudential regulation?

Using Banking Law Jargon, answer the following questions: 1) Describe and discuss four of the advantages of the role of the Central Bank as “lender of last resort”. 2) Describe and discuss how correspondent banks help fight Money Laundering, Terrorism Financing and/or Proliferation Financing. 3) Describe shadow banking and FinTech and give one example of FinTech. Is it fair to state that FinTEch is a form of shadow banking. If so or if not, please explain why. 4) Describe prudential regulation and define and distinguish between macro and micro prudential regulation. What is the purpose of prudential regulation?

Related questions

Q: Discuss the following Is it wrong to borrow or charge interest for business? How does the Bible…

A: Introduction: The issue of charging interest has been a controversial subject for centuries, and it…

Q: State two (2) disadvantages of debt financing

A: The objective of the question is to identify and explain two disadvantages of debt financing. Debt…

Q: In 2008, The Federal Reserve and US Treasury bailed out large commercial banks and financial…

A: United States of America ahs experienced a severe downturn for its housing market along with the…

Q: How did the history of financial derivatives develop? Describe how we use financial derivatives…

A: Financial management is defined as the process where the finance manager plans, organizes, directs…

Q: What components would an investor or loan officer believe that are important? Please explain your…

A: There are several key components that an investor or loan officer would likely consider important…

Q: how do banks improve their net income to increase Return on Equity? what are the risk implications ?

A: Monetary leverage increases a company's return on equity so long as the after-charge cost of…

Q: Discuss what you believe to be the most impactful global financial crisis in the 21st century

A: The Most Impactful Global Financial Crisis in the 21st Century: The Global Financial Crisis (GFC) of…

Q: Money Management. What happens when a student loan defaults, what is the consequence?

A: Default is described as a failing to repay a loan or a debt. A default can take place when a…

Q: Evaluation of global warming/sustainability and potential impact on the banking industry. Answer in…

A: The physical risks of climate change are powerful and extensive. The impact of climate change and to…

Q: How has technology changed the way banks compete for consumer loans?

A: Consumer loan refer to loan mainly meant for the personal requirements of an individual. These loans…

Q: What strategies can managers implement to effectively manage negotiable instruments within their…

A: Negotiable instruments play a critical role in the financial transactions of an organization. These…

Q: With aid of diagrams, your individual submission, should discuss in detail the following three…

A: The rules of issues of the above-mentioned modes of finance are as follows: Murabaha The rules of…

Q: In 1983, MGMT eCash Inc. developed a type of cryptographic electronic currency, ecash, which was…

A: As the Strategic Manager of Business Development at MGMT eCash Inc., overseeing the investigation…

Q: Review Bank of America and explain your understanding of corporate governance commenting on the…

A: Bank of America (BoA) has proved that solid corporate governance standards are vital for fostering…

Q: Select two (2) major risks which Bank of America is exposed to as it relates to their Corporate…

A: Dear student, I have prepared a guide to assist you with your assignment. Please pay close attention…

Question

Using Banking Law Jargon, answer the following questions:

1) Describe and discuss four of the advantages of the role of the Central Bank as “lender of last resort”.

2) Describe and discuss how correspondent banks help fight Money Laundering, Terrorism Financing and/or Proliferation Financing.

3) Describe shadow banking and FinTech and give one example of FinTech. Is it fair to state that FinTEch is a form of shadow banking. If so or if not, please explain why.

4) Describe prudential regulation and define and distinguish between macro and micro prudential regulation. What is the purpose of prudential regulation?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: step 1

VIEW

Step 2: step 2

VIEW

Solution

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

What do banking managers do, in own words
How these credit-ratings companies measure and monitor performance? What is a credit scorecard, and how does that work?
3. The rise of securities markets and the expansion of intermediation by nonbanks has come partly at the expense of commercial banks. Plot the ratio of bank credit (FRED code: TOTLL) to debt securities owed (FRED code: ASTDSL), and comment on the trend.
Which one of the following functions that goldsmiths performed was most important in the development of modern-day fractional reserve banking? Goldsmiths stored gold for people in their vaults. Goldsmiths issued paper receipts to people who stored gold in the goldsmiths’ vaults. By issuing additional paper receipts, goldsmiths made loans to people who did not necessarily have gold deposits. The paper receipts issued by the goldsmiths were accepted by merchants as a means of payment.
Explain your understanding of the money laundering and terrorist financing risks in financial institutions.
Compare and contrast a pegged exchange system and a dirty float system of exchange rates.
Describe the applications of Fintech in the banking sector with reference to contemporary sources
What is the first Bank of the United States? Please describe the essence of the event or institution, its importance for the economic and financial development of the United States, and its role in the evolution of central banking in the United States.
B. Do you think that the central bank, as lender of last resort, should also supervise the financial industry? Why or why not?
In your own words, explain how the process of the money multiplier and how it is supposed to affect the macro model.