Case:

As basic transactions became difficult for the population, several technology companies started building mobile apps to meet their needs. These apps enabled peer-to-peer transactions on top of the Unified Payment Interface. Google's Tez. was one of these apps. Due to safety concerns, many women in rural and urban settings remained hesitant to share any identifying information online, including phone numbers and bank details.

Questions:

1.Use the case to discuss why mobile payment regulation is needed. [5 marks]

2. Suggest and explain two methods that can be used to regulate mobile payments. [8 marks]

3. Discuss how the government can ensure financial institutions comply with the prescribed mobie payment regulations. [5 marks]

4. Outline and describe one risk management method the financial institution can use to assess exposure. [7 marks]

5. What is deposit insurance, and why can it be considered a risk management strategy? [5 marks]

6. Name and describe two activities of Banking Entities Regulated by the

Volcker Rule?

[6 marks]

7. Explain the purpose of the Financial Stability Report and outline two

specific areas discussed in the report.

[6 marks]

8. If one of the Caribbean's largest banks - Republic Bank - fails, which Act

would assist the Central Bank Barbados supervisor; in resolving the failed

institution(s)? Discuss two (2) methods the regulator can use to resolve the failing banks [10 marks]

9. Identify and discuss one of the most important rationales for financial

regulation fIn your response, identify the primary institution responsible for monitoring compliance [8 marks]