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How can the government (or any other supervising authority) reduce or resolve asymmetric information problems - adverse selection and moral hazard problems - in financial

How can the government (or any other supervising authority) reduce or resolve asymmetric information problems - adverse selection and moral hazard problems - in financial markets? Are there any government regulations that address these asymmetric information issues in financial markets?

What would be your recommendations to resolve or reduce the asymmetric information problems?

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