Question 1 Conventional banking is facing new challenges from non-traditional players, which are taking advantage of digital innovations and technological advancements. Financial Technology (FinTech) startups have been formed, particularly peer-to-peer lending (P2P) firms to provide financial intermediation services to lenders and borrowers. This poses competitive challenge to conventional banking. Required Based on the above statement, evaluate how conventional bank lending will face stiff competition from peer-to-peer lending (P2P) firms in the future. Question 4 Following the collapse of subprime mortgage markets in 2008 and the 2020 global financial crisis, central banks around the world, in a coordinated strategy, injected massive amount of liquidity to the financial markets. This is to prevent the shutdown of financial and payment systems around the world. Required Based on the above report, evaluate central banks' financial sector rescue plan and its role in stabilising the financial systems and markets. Question 1 Conventional banking is facing new challenges from non-traditional players, which are taking advantage of digital innovations and technological advancements. Financial Technology (FinTech) startups have been formed, particularly peer-to-peer lending (P2P) firms to provide financial intermediation services to lenders and borrowers. This poses competitive challenge to conventional banking. Required Based on the above statement, evaluate how conventional bank lending will face stiff competition from peer-to-peer lending (P2P) firms in the future. Question 4 Following the collapse of subprime mortgage markets in 2008 and the 2020 global financial crisis, central banks around the world, in a coordinated strategy, injected massive amount of liquidity to the financial markets. This is to prevent the shutdown of financial and payment systems around the world. Required Based on the above report, evaluate central banks' financial sector rescue plan and its role in stabilising the financial systems and markets