UK regulators insist that the investment banking activities of universal banks like Barclays and HSBC be ring-fenced. Which of the following statements are accurate?

	a.	The investment banking/trading division will have to have separate capital than the retail division.
	b.	The investment banking/trading division will have to be housed in a separate subsidiary.
	c.	The banking regulator will not supervise the banks, traders and investment bankers since it would limit their risk taking and thus the size of their potential bonus.
	d.	A & B
	e.	A & C

A fall in the US dollar does not have a significant impact on the US inflation rate, this is because:

	a.	Imports are only 12% of the US GDP since foreign trade is not so important to America as it is to Europe.
	b.	95% of US imports are invoiced in US dollars since it is the dominant currency in world trade.
	c.	The US government is not allowed to intervene in the foreign exchange market due to American law.
	d.	A & B
	e.	A, B & C

Which one of the following is not an example of a financial services regulator in the UAE?

	a.	Real Estate Regulatory Agency (RERA)
	b.	Securities and Commodities Authority (SCA)
	c.	Financial Services Regulatory Authority (FSRA), Abu Dhabi
	d.	Dubai Financial Services Authority (DFSA)
	e.	UAE Central Bank