8. Banking regulation in the United States and elsewhere

Which of the following are flaws of the U.S. Bank regulatory system that contributed to the Great Recession of 2008? Check all that apply.

On-site examination

Regulator shopping

Redlining

Intellectual capture

Prior to the financial crisis, banking regulation in the United Kingdom was called . In response to the crisis, the U.K. banking system has been reformed by

Creating three independent regulatory agencies: the Financial Services Authority (FSA), the Bank of England, and HM Treasury

Making major regulation authorities part of the Bank of England, creating an independent Financial Conduct Authority (FCA)

Which of the following is the strongest banking regulation system?

The Canadian banking system because it created the single rule book of European banks.

The United States banking system because it allows regulator shopping.

The Canadian banking system because it was created as a system of large financial institutions whose size and diversification enhanced their robustness.

The Eurozone banking system because it created the single rule book of European banks.