2. List at least three new systemic risk events that occurred in the US or in any other major country, in the last five to ten years or so. What were the main issues in those cases that lead to the systemic risk? What are the specific measures, if any taken by those institutions or related regulators to rectify that situation? (20 points 3. What are the specific requirements of Basel II? Briefly discuss the pros & cons of the Basel II and Basel III Accord, in your own words. How are financial markets and institutions dealing with liquidity and funding issues in recent years? What risk, if any, does it entail and why? {20 points 2. List at least three new systemic risk events that occurred in the US or in any other major country, in the last five to ten years or so. What were the main issues in those cases that lead to the systemic risk? What are the specific measures, if any taken by those institutions or related regulators to rectify that situation? (20 points 3. What are the specific requirements of Basel II? Briefly discuss the pros & cons of the Basel II and Basel III Accord, in your own words. How are financial markets and institutions dealing with liquidity and funding issues in recent years? What risk, if any, does it entail and why? {20 points