Some Banking Regulations that have been enacted into law have later been significantly deregulated or even repealed.

a.Cite an example of this. (3)

b.What economic and/or political circumstances changed between when the Regulation was originally enacted and when it was significantly deregulated or repealed? (5)

c.Indicate whether you think deregulation or repeal of this Regulation was prudent when that occurred and why or why not?Indicate what action you think should be taken to today with regard to this Regulation. (2)