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Question 1: Why are banks regulated and protected by government? Question 2: In the past 3 years,...

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Finance

Question 1: Why are banks regulated and protected bygovernment?

Question 2: In the past 3 years, briefly summarize one majorBank Fraud example?

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Ans 1Bank regulation is a form of government regulation which subjects bank to certain requirement srestrictions and guidelinesdesigned to create market transparency between banking institutions and individuals and corporations with whom they conduct businessamong other things The most important rationale for regulation in banking is to address concern over the safety and stability of financial institutionsthe financial sector as a wholeand the payment systemThe objective of financial regulators are usually market confidence in the financial systemFinancial stability contributing to the protection and enhancement stability of financial system Ans 2One major bank fraud exampleThe Punjab National Bank Fraud Case relates to fraudulent letter of undertaking worth 1135684 coreUS14 billion issued by the punjab    See Answer
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Question 1: Why are banks regulated and protected bygovernment?Question 2: In the past 3 years, briefly summarize one majorBank Fraud example?

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