Reflection Question $9$

How do government regulations impact the expansion of non$-$bank financial services institutions?

a$)$ They facilitate unchecked expansion

b$)$ They impose restrictions on expansion to mitigate risks

c$)$ They have no influence on expansion

School of Entrepreneurship & Business Innovation Department of Accounting & Finance

d$)$ They provide subsidies for expansion

Reflection Question $10$

Which of the following is NOT a potential consequence of inadequate government regulations on financial institutions?

a$)$ Increased financial stability

b$)$ Heightened systemic risk

c$)$ Market manipulation

d$)$ Consumer exploitation

Reflection Question $11$

Which of the following measures is NOT mandated by the new regulations?

a$)$ Stricter customer due diligence $($CDD$)$ procedures

b$)$ Enhanced transaction monitoring

c$)$ Reduced reporting requirements

d$)$ Improved reporting mechanisms

Reflection Question $12$

What role does compliance with the new regulations play in the operation of financial institutions in Guyana?

a$)$ It is optional and can be disregarded by institutions

b$)$ It ensures the integrity of the financial system and protects against financial crimes

c$)$ It increases operational costs without providing any benefits

d$)$ It leads to increased government interference in financial matters