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Modern Banking Literature (post-2008) tends to distinguish between Banks and Non-bank Financial Institutions (including shadow banks) because banks are subjected to greater/stricter regulations and standards.
Modern Banking Literature (post-2008) tends to distinguish between Banks and Non-bank Financial Institutions (including shadow banks) because banks are subjected to greater/stricter regulations and standards. Do you agree with the modern approach to banking regulation or should all Non-bank Financial Institutions (including shadow banks) be subjected to the same intense level of legal and financial scrutiny as banks? Give at least 3 reasons or examples to support your answer.
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