Topic: Regulatory Compliance Administration (Word Count: 2000)

answer the following questions on the Topic:

Link 1: https://tspace.library.utoronto.ca/handle/1807/77744

Link 2: https://tspace.library.utoronto.ca/bitstream/1807/77744/1/Iafolla_Vanessa_201506_PhD_thesis.pdf

Q1: Who governs the regulatory issue selected? (What regulator/regulators) and under what regulation? (Act or Regulation depending on the issue chosen) 3 Mark

Q2: What is the implication of the Financial Institution, the customer and society, of the issue if it/they are not addressed? 6 Mark

Q3: What would be a 'risk based' approach to managing the issue? 5 Mark

Q4: Would the issue be better managed via a rules-based approach or a principles-based approach? Explain. 6 Mark

Please provide references and citations. Thanks