Question for an essay format:

You have been asked by a Finance Club at a University to enter an essay competition that should evaluate and examine the existing laws and regulations that governs commercial banking activities in Trinidad and Tobago .

For the essay competition they have outlined the following key points of focus:

Outline and discuss three reasons why it is necessary to regulate banks.

Provide and evaluate three reasons why some banks have failed within Trinidad and Tobago.

Requirements:

Please explanation the above questions.