Discuss the current regulation of the Banking, Superannuation, and Financial Services Industry in Australia.

The answer should consist of the following:

- How to address the current regulation of banking and financial regulation and discuss whether the present level of regulation is adequateand if not how it might be improved.

- Should refer topolicy documents, legislation, and other materials to develop your argument.

- Need to identifywhy the community generally would benefit from a change to the current regulation process of the Banking, Superannuation, and Financial Services Industry Sectorand importantly what you believe that change should be.