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The plethora of financial laws and regulations create a costly compliance regime for the financial institutions. Such institutions in turn try to find loopholes or

The plethora of financial laws and regulations create a costly compliance regime for the financial institutions. Such institutions in turn try to find loopholes or a way out of the regulatory compliances through innovative means. In this context, comment on the need to rationalize the existing regulations in the financial industry, with recent examples. (NO PLAGIARISM PLEASE)

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