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1. Regulatory environment for banks: a. [30 points] Compare and Contrast the goals and operations of the US Fed (based on the text book) and

1. Regulatory environment for banks: a. [30 points] Compare and Contrast the goals and operations of the US Fed (based on the text book) and the HKMA (research/observation when in HK/class). Focus on how they are similar and different from each other. b. [30 points] Describe the key features of Basel III, how has Basel III improved over Basel

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