Commercial banks account for the largest share of assets of financial institutions and have grown significantly over the past three decades. (a) Describe the major function of commercial banks, then briefly explain what has facilitated the increase in the dominance of commercial banks since the 1980's. (3 marks) (b) Explain the difference between asset management and liability management. What do banks currently adopt? (2 marks) (C) Provide a brief outline of the three types of risk under Pillar 1- Capital Adequacy as it applies to commercial banks in Australia. (3 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I U Paragraph Arial 10pt . T Q 6 V > , O WORDS POWERED BY TINY