One of the reasons why bank regulations need to be constantly revised to be effective is,

a.	Regulations tend to be poorly written with unintended consequences.
b.	Regulations are not strictly enforced.
c.	The efficacy of financial regulations decays over time as ways around them are discovered by the institutions being regulated.
d.	Regulators themselves can often be incompetent.

The goal of regulating bank operations is to reduce risk to as close to zero as possible.

True

False