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Government regulates both depository and non-depository institutions. While depository institutions such as a commercial bank are important in the financial system, most non- depository institutions

Government regulates both depository and non-depository institutions. While depository institutions such as a commercial bank are important in the financial system, most non- depository institutions are not directly involved. Why should the Government spend so much effort in regulating other non-depository institutions such as insurance companies ?

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