Part a) Casu et. al. (2015, p 461) argues that there were three different crises in the European Union, a banking crisis, sovereign debt crisis and an economic growth crisis. Describe and explain the links between each of these crises.

Part b) List 6 reasons for international banking services being established. Give an example of an Australian Bank providing banking services in the international market and the reason that it might have been established.

Part c) Identify the major regulators in the US financial system and briefly describe their role. Evaluate which of these regulator/s is the most suitable to develop regulatory controls for cryptocurrency in the US markets.