Question: a) Explain, with elaborated examples, the different ways in which a financial crisis can be initiated. (15 marks) (b) Explain and compare the roles of
a)
Explain, with elaborated examples, the different ways in which a financial crisis can be initiated.
(15 marks)
(b) Explain and compare the roles of the UKs main three financial regulation entities. Describe the relevance, if any, of the Basel Accords in UK financial regulation.(10 marks)
(c) What are G-SIFIs? Spell out the acronym and explain their relevance to financial stability.(5 marks)
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