1. Refer to page 28. Comment on the size, structure and composition of the commercial banking industry. Do you think that the outlook for the industry is positive or negative ? Why ? 2. Evaluate the classes and subclasses of life insurance by comparing their benefits and risks. 3. Assess the regulatory environment faced by brokerages and investment banking firms. Do you consider this environment to be highly regulated, moderately regulated or unregulated. Justify your response.