Question
The objective is to describe the major regulations that govern the conduct of financial institutions and corporations. The start of the new millennium saw several
The objective is to describe the major regulations that govern the conduct of financial institutions and corporations.
The start of the new millennium saw several corporate scandals, the largest and most infamous was Enron. As a result, congress decided to curb corporate corruption by setting up an oversight board to set standards and rules to prevent these situations from occurring again.
The financial crisis that led to the great recession which started in 2008 resulted in government interventions to save banks and restore confidence in the U.S. economy and the financial system. There were also actions by government to emphasize risk management and limit the amount of risk banks accepted.
- We had to review the history of the financial crisis in the U.S.
- How might you select, as an example, one specific financial institution or financial market and relate the history in that area to the development of current regulations?
- How would one cover the major legislations that resulted and how Christian values could have averted the crisis?
- Do you feel these regulations still appropriate and necessary today?
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