Banking

Banking So Much for That Plan "More than 70% of mercenary bank assets are held by organizations that are supervised by at least two federal agencies; almost half attract the attention of three or four. Banks devote on average about 14% of their non-interest expense to complying with rules" (Anonymous 88). A put one across can see that government waste has struck again. This mixed mess of regulation, among other things, increases costs and diffuses accountability for policy actions gone(p) awry.

The most effective remedy to correct this problem would be to consolidate most of the supervisory responsibilities of the regulatory agencies into one confidence. This would sink costs to both the government and the banks, and would allow the parts of the agencies not consolidated to concentrate on their primary tasks. One such plan was introduced by Treasury Secretary Lloyd Bentsen in borderland of 1994. The plan called for folding, into a new independent federal agency (called the...If you want to get a full essay, order it on our website: Ordercustompaper.com

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