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Following the successful mergers and acquisitions of commercial banks and finance companies within 6 major banking groups in 1999, BNM has implemented BNM Guidelines on

Following the successful mergers and acquisitions of commercial banks and finance companies within 6 major banking groups in 1999, BNM has implemented BNM Guidelines on Investment Banks 2005 for the creation of investment banks in the country. Discuss the formation of investment banks as outlined in the framework. (4 marks)

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