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What are some of the limitations to the Basel and Basel 2 Accords? How does the Basel 3 Accord attempt to address these limitations? In

What are some of the limitations to the Basel and Basel 2 Accords? How does the Basel 3 Accord attempt to address these limitations?
In what way might consumer protection regulations negatively affect a financial intermediary's profits? Can you think of a positive effect of such regulations on profits?

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